Flex Ltd’s recent filing unveils that its Director Tan Lay Koon unloaded Company’s shares for reported $2.16 million on Feb 10 ’25. In the deal valued at $43.25 per share,50,000 shares were sold. As a result of this transaction, Tan Lay Koon now holds 202,850 shares worth roughly $ 8.64 million.
Then, Hartung Michael P sold 64,807 shares, generating $2,844,538 in total proceeds. Upon selling the shares at $43.89, the Chief Commercial Officer now owns 233,526 shares.
Before that, Hartung Michael P bought 64,807 shares. Flex Ltd shares valued at $2,844,535 were divested by the Officer at a price of $43.89 per share.
A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in late October with a ‘”an Overweight”‘ rating. Craig Hallum also remained covering FLEX and has increased its forecast on July 25, 2024 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on May 02, 2024. It rated FLEX as “a Hold” which previously was an “a Buy”.
Price Performance Review of FLEX
On Tuesday, Flex Ltd [NASDAQ:FLEX] saw its stock jump 0.21% to $42.60. Over the last five days, the stock has lost -0.98%. Flex Ltd shares have risen nearly 10.97% since the year began. Nevertheless, the stocks have risen 50.96% over the past one year. While a 52-week high of $45.10 was reached on 01/22/25, a 52-week low of $25.27 was recorded on 01/02/25. SMA at 50 days reached $40.61, while 200 days put it at $34.48.
Levels Of Support And Resistance For FLEX Stock
The 24-hour chart illustrates a support level at 42.16, which if violated will result in even more drops to 41.72. On the upside, there is a resistance level at 42.97. A further resistance level may holdings at 43.34. The Relative Strength Index (RSI) on the 14-day chart is 53.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.13%. Stochastics %K at 62.70% indicates the stock is a holding.
The most recent change occurred on September 07, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $35 price target.
