Flex Ltd’s filing revealed that its Officer Advaithi Revathi acquired Company’s shares for reported $5.17 million on Nov 01 ’24. In the deal valued at $35.53 per share,145,471 shares were bought.
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Then, Michael D. Capellas bought 181,537 shares, generating $6,293,888 in total proceeds.
Before that, Advaithi Revathi bought 20,554 shares. Flex Ltd shares valued at $721,332 were divested by the Officer at a price of $35.09 per share.
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 2.34% to $35.48. Over the last five days, the stock has gained 0.77%. Flex Ltd shares have risen nearly 60.13% since the year began. Nevertheless, the stocks have risen 89.20% over the past one year. While a 52-week high of $36.98 was reached on 10/30/24, a 52-week low of $18.15 was recorded on 01/17/24. SMA at 50 days reached $32.82, while 200 days put it at $30.00.
Levels Of Support And Resistance For FLEX Stock
The 24-hour chart illustrates a support level at 35.02, which if violated will result in even more drops to 34.56. On the upside, there is a resistance level at 35.83. A further resistance level may holdings at 36.18. The Relative Strength Index (RSI) on the 14-day chart is 59.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.98%. Stochastics %K at 49.93% 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.
