Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Adient plc shares valued at $232,875 were sold by Conklin James on Dec 04 ’24. At $20.25 per share, Conklin James sold 11,500 shares. The insider’s holdings dropped to 51,829 shares worth approximately $1.01 million following the completion of this transaction.
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Also, JAMES D CONKLIN purchased 11,500 shares, netting a total of over 232,831 in proceeds.
Before that, Smith Gregory Scott had sold 1,000 shares from its account. In a trade valued at $29,470, the SVP & Chief Accounting Officer traded Adient plc shares for $29.47 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.3 million.
As published in a research note from BofA Securities on November 21, 2024, Adient plc [ADNT] has been rated down from a Buy to a Neutral and the price target has been revised to $24 from $30. Earlier on July 01, 2024, Exane BNP Paribas upgraded its rating. Their new recommendation was “a Neutral” for ADNT stock which previously was a “an Underperform”.
Analyzing ADNT Stock Performance
During the last five days, there has been a surge of approximately 1.19%. Over the course of the year, Adient plc shares have dropped approximately -46.40%. Shares of the company reached a 52-week high of $37.04 on 01/02/24 and a 52-week low of $18.53 on 11/21/24. A 50-day SMA is recorded $20.83, while a 200-day SMA reached $25.51. Nevertheless, trading volume fell to 1.23 million shares from 1.25 million shares the previous day.
Support And Resistance Levels for Adient plc (ADNT)
According to the 24-hour chart, there is a support level at 18.84, which, if violated, would cause prices to drop to 18.20. In the upper region, resistance lies at 20.40. The next price resistance is at 21.31. RSI (Relative Strength Index) is 44.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 58.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
