Flex Ltd’s filing revealed that its Former Director Michael D. Capellas acquired Company’s shares for reported $1.07 million on Sep 11 ’24. In the deal valued at $28.52 per share,37,500 shares were bought.
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Then, OFFER DAVID SCOTT sold 10,000 shares, generating $329,535 in total proceeds. Upon selling the shares at $32.95, the EVP, General Counsel now owns 158,094 shares.
Before that, OFFER DAVID SCOTT sold 10,000 shares. Flex Ltd shares valued at $319,947 were divested by the EVP, General Counsel at a price of $31.99 per share. As a result of the transaction, OFFER DAVID SCOTT now holds 168,094 shares, worth roughly $5.92 million.
KeyBanc Capital Markets initiated its Flex Ltd [FLEX] rating to an Overweight in a research note published on October 22, 2024; the price target was $41. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. Craig Hallum also remained covering FLEX and has decreased its forecast on May 02, 2024 with a “Hold” recommendation from previously “Buy” rating. Barclays started covering the stock on September 07, 2023. It rated FLEX as “an Overweight”.
Price Performance Review of FLEX
On Friday, Flex Ltd [NASDAQ:FLEX] saw its stock jump 0.63% to $35.21. Over the last five days, the stock has gained 0.90%. Flex Ltd shares have risen nearly 58.91% since the year began. Nevertheless, the stocks have risen 108.46% over the past one year. While a 52-week high of $35.84 was reached on 10/14/24, a 52-week low of $16.83 was recorded on 01/17/24. SMA at 50 days reached $32.47, while 200 days put it at $29.69.
Levels Of Support And Resistance For FLEX Stock
The 24-hour chart illustrates a support level at 34.93, which if violated will result in even more drops to 34.66. On the upside, there is a resistance level at 35.57. A further resistance level may holdings at 35.94. The Relative Strength Index (RSI) on the 14-day chart is 62.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.16%. Stochastics %K at 61.56% indicates the stock is a holding.
How much short interest is there in Flex Ltd?
A steep rise in short interest was recorded in Flex Ltd stocks on 2024-10-15, growing by 4.68 million shares to a total of 11.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.03 million shares. There was a rise of 39.94%, which implies that there is a positive sentiment for the stock.
