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 sold by Stevens Charles K. III on Nov 06 ’24. At $38.69 per share, Stevens Charles K. III sold 13,157 shares. The insider’s holdings dropped to 55,713 shares worth approximately $2.22 million following the completion of this transaction.
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Also, Stevens Charles K. III purchased 13,157 shares, netting a total of over 509,076 in proceeds.
Before that, Advaithi Revathi had added 145,471 shares to its account. In a trade valued at $5,168,951, the Officer bought Flex Ltd shares for $35.53 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 5.20%. Over the course of the year, Flex Ltd shares have jumped approximately 79.77%. Shares of the company reached a 52-week high of $40.48 on 11/20/24 and a 52-week low of $21.84 on 01/17/24. A 50-day SMA is recorded $34.66, while a 200-day SMA reached $30.93. Nevertheless, trading volume fell to 14.46 million shares from 1.56 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 39.35, which, if violated, would cause prices to drop to 38.88. In the upper region, resistance lies at 40.39. The next price resistance is at 40.96. RSI (Relative Strength Index) is 67.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 11.67%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
