Flex Ltd’s filing revealed that its Director Stevens Charles K. III unloaded Company’s shares for reported $0.51 million on Nov 06 ’24. In the deal valued at $38.69 per share,13,157 shares were sold. As a result of this transaction, Stevens Charles K. III now holds 55,713 shares worth roughly $2.3 million.
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Then, Stevens Charles K. III bought 13,157 shares, generating $509,076 in total proceeds.
Before that, Advaithi Revathi bought 145,471 shares. Flex Ltd shares valued at $5,168,951 were divested by the Officer at a price of $35.53 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 1.90% to $41.30. Over the last five days, the stock has gained 11.02%. Flex Ltd shares have risen nearly 86.40% since the year began. Nevertheless, the stocks have risen 115.72% over the past one year. While a 52-week high of $41.50 was reached on 11/22/24, a 52-week low of $18.15 was recorded on 01/17/24. SMA at 50 days reached $35.11, while 200 days put it at $31.09.
Levels Of Support And Resistance For FLEX Stock
The 24-hour chart illustrates a support level at 40.83, which if violated will result in even more drops to 40.35. On the upside, there is a resistance level at 41.65. A further resistance level may holdings at 41.99. The Relative Strength Index (RSI) on the 14-day chart is 71.81, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.44%. Stochastics %K at 89.92% indicates the stock is a selling.
How much short interest is there in Flex Ltd?
A steep rise in short interest was recorded in Flex Ltd stocks on 2024-10-31, dropping by -2.71 million shares to a total of 9.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 12.29 million shares. There was a decline of -28.23%, which implies that there is a negative sentiment for the stock.
