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Flex Ltd [FLEX] Group President makes an insider sale of 8,028 shares worth 284,125.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Flex Ltd shares valued at $284,125 were sold by Tan Kwang Hooi on Oct 28 ’24. At $35.39 per share, Tan Kwang Hooi sold 8,028 shares. The insider’s holdings dropped to 240,018 shares worth approximately $8.59 million following the completion of this transaction.

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Also, Tan Kwang Hooi purchased 8,028 shares, netting a total of over 284,126 in proceeds.

Before that, Michael D. Capellas had added 37,500 shares to its account. In a trade valued at $1,069,500, the Former Director bought Flex Ltd shares for $28.52 each.

As published in their initiating research note from KeyBanc Capital Markets on October 22, 2024, Flex Ltd [FLEX] has been an Overweight and the price target has been revised to $41. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of May 02, 2024, Craig Hallum has decreased its “Buy” rating to a “Hold” for FLEX. Earlier on September 07, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for FLEX stock.

Analyzing FLEX Stock Performance

During the last five days, there has been a surge of approximately 4.90%. Over the course of the year, Flex Ltd shares have jumped approximately 61.49%. Shares of the company reached a 52-week high of $36.98 on 10/30/24 and a 52-week low of $21.84 on 01/17/24. A 50-day SMA is recorded $32.68, while a 200-day SMA reached $29.87. Nevertheless, trading volume fell to 6.0 million shares from 5.1 million shares the previous day.

Support And Resistance Levels for Flex Ltd (FLEX)

According to the 24-hour chart, there is a support level at 34.51, which, if violated, would cause prices to drop to 33.25. In the upper region, resistance lies at 37.01. The next price resistance is at 38.25. RSI (Relative Strength Index) is 64.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 35.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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