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 $1.69 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 -4.14% to $96.80. Over the last five days, the stock has gained 4.14%. Lear Corp shares have fallen nearly -31.45% since the year began. Nevertheless, the stocks have fallen -28.17% over the past one year. While a 52-week high of $147.11 was reached on 03/25/24, a 52-week low of $92.14 was recorded on 11/20/24. SMA at 50 days reached $102.37, while 200 days put it at $119.68.
Levels Of Support And Resistance For LEA Stock
The 24-hour chart illustrates a support level at 95.26, which if violated will result in even more drops to 93.73. On the upside, there is a resistance level at 98.83. A further resistance level may holdings at 100.87. The Relative Strength Index (RSI) on the 14-day chart is 45.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 55.28%. Stochastics %K at 69.88% indicates the stock is a holding.
How much short interest is there in Lear Corp?
A steep rise in short interest was recorded in Lear Corp stocks on 2024-11-15, dropping by 52601.0 shares to a total of 2.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.2 million shares. There was a decline of -2.45%, which implies that there is a negative sentiment for the stock.
