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. Lear Corp. shares valued at $159,175 were sold by MALLETT CONRAD L JR on May 28 ’24. At $124.55 per share, MALLETT CONRAD L JR sold 1,278 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, SMITH GREG C sold 2,392 shares, netting a total of over 296,273 in proceeds. Following the sale of shares at $123.86 each, the insider now holds 0 shares.
Before that, Cardew Jason M had sold 2,750 shares from its account. In a trade valued at $387,228, the Sr. VP & CFO traded Lear Corp. shares for $140.81 each. Upon closing the transaction, the insider’s holdings decreased to 2,750 shares, worth approximately $1.71 million.
As published in a research note from Barclays on October 30, 2024, Lear Corp. [LEA] has been rated down from an Overweight to an Equal weight and the price target has been revised to $120 from $140. Earlier on May 10, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for LEA stock which previously was a “an Equal-weight”.
Analyzing LEA Stock Performance
During the last five days, there has been a drop of approximately -6.80%. Over the course of the year, Lear Corp. shares have dropped approximately -30.73%. Shares of the company reached a 52-week high of $147.11 on 03/25/24 and a 52-week low of $97.26 on 10/30/24. A 50-day SMA is recorded $108.08, while a 200-day SMA reached $123.18. Nevertheless, trading volume fell to 0.59 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Lear Corp. (LEA)
According to the 24-hour chart, there is a support level at 96.99, which, if violated, would cause prices to drop to 96.15. In the upper region, resistance lies at 98.93. The next price resistance is at 100.03. RSI (Relative Strength Index) is 35.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.11, which suggests the price will decrease in the coming days. Percent R is at 96.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
