Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Plexus Corp shares valued at $234,583 were sold by Kelsey Todd P. on Jan 02 ’25. At $156.39 per share, Kelsey Todd P. sold 1,500 shares. The insider’s holdings dropped to 74,271 shares worth approximately $12.14 million following the completion of this transaction.
Also, Kelsey Todd P. sold 1,500 shares, netting a total of over 245,566 in proceeds. Following the sale of shares at $163.71 each, the insider now holds 75,771 shares.
Before that, Rapp Karen Marie had sold 500 shares from its account. In a trade valued at $81,430, the Director traded Plexus Corp shares for $162.86 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $1.37 million.
As published in their initiating research note from KeyBanc Capital Markets on October 22, 2024, Plexus Corp [PLXS] has been a Sector weight. Analysts at Sidoti downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of January 27, 2023, Sidoti has increased its “Neutral” rating to a “Buy” for PLXS. Earlier on January 17, 2023, Sidoti downgraded its rating. Their new recommendation was “a Neutral” for PLXS stock which previously was a “a Buy”.
Analyzing PLXS Stock Performance
During the last five days, there has been a surge of approximately 4.47%. Over the course of the year, Plexus Corp shares have jumped approximately 4.47%. Shares of the company reached a 52-week high of $163.49 on 01/08/25 and a 52-week low of $154.39 on 01/02/25. A 50-day SMA is recorded $159.57, while a 200-day SMA reached $126.00. Nevertheless, trading volume fell to 0.12 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Plexus Corp (PLXS)
According to the 24-hour chart, there is a support level at 159.26, which, if violated, would cause prices to drop to 155.04. In the upper region, resistance lies at 165.59. The next price resistance is at 167.70. RSI (Relative Strength Index) is 57.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.34, which suggests the price will increase in the coming days. Percent R is at 29.05%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
