Leggett & Platt, Inc’s filing revealed that its Executive Vice President – CFO BURNS BENJAMIN MICHAEL acquired Company’s shares for reported $46957.0 on Jun 06 ’24. In the deal valued at $12.20 per share,3,850 shares were bought. As a result of this transaction, BURNS BENJAMIN MICHAEL now holds 81,362 shares worth roughly $0.95 million.
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Then, Padmanabhan Srikanth bought 10,000 shares, generating $120,649 in total proceeds. Upon buying the shares at $12.06, the Director now owns 38,623 shares.
Before that, DAVIS JENNIFER JOY bought 1,985 shares. Leggett & Platt, Inc shares valued at $24,812 were divested by the EVP – GENERAL COUNSEL at a price of $12.50 per share. As a result of the transaction, DAVIS JENNIFER JOY now holds 42,148 shares, worth roughly $0.49 million.
Piper Sandler upgraded its Leggett & Platt, Inc [LEG] rating to a Neutral from a an Underweight in a research note published on October 30, 2024; the price target was increased to $13 from $11. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Neutral”. Piper Sandler also remained covering LEG and has decreased its forecast on December 12, 2022 with a “an Underweight” recommendation from previously “Neutral” rating. Raymond James revised its rating on May 04, 2022. It rated LEG as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of LEG
On Friday, Leggett & Platt, Inc [NYSE:LEG] saw its stock jump 2.19% to $11.66. Over the last five days, the stock has lost -1.35%. Leggett & Platt, Inc shares have fallen nearly -55.45% since the year began. Nevertheless, the stocks have fallen -49.68% over the past one year. While a 52-week high of $27.58 was reached on 01/02/24, a 52-week low of $10.11 was recorded on 05/29/24. SMA at 50 days reached $12.67, while 200 days put it at $14.25.
Levels Of Support And Resistance For LEG Stock
The 24-hour chart illustrates a support level at 11.47, which if violated will result in even more drops to 11.29. On the upside, there is a resistance level at 11.86. A further resistance level may holdings at 12.07. The Relative Strength Index (RSI) on the 14-day chart is 41.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.77%. Stochastics %K at 17.19% indicates the stock is a buying.
How much short interest is there in Leggett & Platt, Inc?
A steep rise in short interest was recorded in Leggett & Platt, Inc stocks on 2024-10-31, dropping by -1.53 million shares to a total of 4.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.19 million shares. There was a decline of -32.7%, which implies that there is a negative sentiment for the stock.
