Lear Corp’s recent filing unveils that its Director MALLETT CONRAD L JR unloaded Company’s shares for reported $0.16 million on May 28 ’24. In the deal valued at $124.55 per share,1,278 shares were sold. As a result of this transaction, MALLETT CONRAD L JR now holds 0 shares worth roughly $0.0.
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Then, SMITH GREG C sold 2,392 shares, generating $296,273 in total proceeds. Upon selling the shares at $123.86, the Director now owns 0 shares.
Before that, Cardew Jason M sold 2,750 shares. Lear Corp shares valued at $387,228 were divested by the Sr. VP & CFO at a price of $140.81 per share. As a result of the transaction, Cardew Jason M now holds 17,506 shares, worth roughly $1.68 million.
Barclays downgraded its Lear Corp [LEA] rating to an Equal weight from a an Overweight in a research note published on October 30, 2024; the price target was decreased to $120 from $140. Morgan Stanley revised its rating on May 10, 2024. It rated LEA as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of LEA
On Tuesday, Lear Corp [NYSE:LEA] saw its stock fall -0.39% to $95.91. Over the last five days, the stock has lost -3.69%. Lear Corp shares have fallen nearly -32.08% since the year began. Nevertheless, the stocks have fallen -26.65% over the past one year. While a 52-week high of $147.11 was reached on 03/25/24, a 52-week low of $95.63 was recorded on 11/05/24. SMA at 50 days reached $106.51, while 200 days put it at $122.49.
Levels Of Support And Resistance For LEA Stock
The 24-hour chart illustrates a support level at 94.72, which if violated will result in even more drops to 93.53. On the upside, there is a resistance level at 96.95. A further resistance level may holdings at 97.99. The Relative Strength Index (RSI) on the 14-day chart is 34.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.17%. Stochastics %K at 6.25% indicates the stock is a buying.
How much short interest is there in Lear Corp?
A steep rise in short interest was recorded in Lear Corp stocks on 2024-10-15, growing by 62441.0 shares to a total of 2.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.14 million shares. There was a rise of 2.84%, which implies that there is a positive sentiment for the stock.
