Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Flex Ltd shares valued at $509,076 were purchased by Stevens Charles K. III on Nov 06 ’24. At $38.69 per share, Stevens Charles K. III acquired 13,157 shares.
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Also, Advaithi Revathi purchased 145,471 shares, netting a total of over 5,168,951 in proceeds.
Before that, Michael D. Capellas had added 181,537 shares to its account. In a trade valued at $6,293,888, the Former Director bought Flex Ltd shares for $34.67 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 8.94%. Over the course of the year, Flex Ltd shares have jumped approximately 75.93%. Shares of the company reached a 52-week high of $39.17 on 11/06/24 and a 52-week low of $21.84 on 01/17/24. A 50-day SMA is recorded $33.08, while a 200-day SMA reached $30.21. Nevertheless, trading volume fell to 5.0 million shares from 1.97 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 37.92, which, if violated, would cause prices to drop to 36.85. In the upper region, resistance lies at 39.61. The next price resistance is at 40.23. RSI (Relative Strength Index) is 72.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.55, which suggests the price will increase in the coming days. Percent R is at 3.44%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
