Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Flex Ltd shares valued at $2,162,500 were sold by Tan Lay Koon on Feb 10 ’25. At $43.25 per share, Tan Lay Koon sold 50,000 shares. The insider’s holdings dropped to 202,850 shares worth approximately $8.6 million following the completion of this transaction.
Also, Hartung Michael P sold 64,807 shares, netting a total of over 2,844,538 in proceeds. Following the sale of shares at $43.89 each, the insider now holds 233,526 shares.
Before that, Hartung Michael P had added 64,807 shares to its account. In a trade valued at $2,844,535, the Officer bought Flex Ltd shares for $43.89 each.
Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in late October. As of July 25, 2024, Craig Hallum has increased its “Hold” rating to a “Buy” for FLEX. Earlier on May 02, 2024, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for FLEX stock which previously was a “a Buy”.
Analyzing FLEX Stock Performance
During the last five days, there has been a drop of approximately -4.20%. Over the course of the year, Flex Ltd shares have jumped approximately 10.42%. Shares of the company reached a 52-week high of $45.10 on 01/22/25 and a 52-week low of $38.38 on 01/02/25. A 50-day SMA is recorded $40.46, while a 200-day SMA reached $34.34. Nevertheless, trading volume fell to 2.66 million shares from 1.94 million shares the previous day.
Support And Resistance Levels for Flex Ltd (FLEX)
According to the 24-hour chart, there is a support level at 41.78, which, if violated, would cause prices to drop to 41.16. In the upper region, resistance lies at 43.09. The next price resistance is at 43.78. RSI (Relative Strength Index) is 52.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.66, which suggests the price will decrease in the coming days. Percent R is at 38.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
