Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Flex Ltd shares valued at $61,139 were sold by WENDLER DANIEL on Mar 11 ’25. At $33.74 per share, WENDLER DANIEL sold 1,812 shares. The insider’s holdings dropped to 30,698 shares worth approximately $1.03 million following the completion of this transaction.
Also, Tan Kwang Hooi sold 12,500 shares, netting a total of over 412,784 in proceeds. Following the sale of shares at $33.02 each, the insider now holds 227,518 shares.
Before that, WENDLER DANIEL had added 1,812 shares to its account. In a trade valued at $61,139, the Officer bought Flex Ltd shares for $33.74 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 -2.44%. Over the course of the year, Flex Ltd shares have dropped approximately -12.45%. Shares of the company reached a 52-week high of $45.10 on 01/22/25 and a 52-week low of $32.42 on 03/10/25. A 50-day SMA is recorded $40.09, while a 200-day SMA reached $35.15.
Support And Resistance Levels for Flex Ltd (FLEX)
According to the 24-hour chart, there is a support level at 33.16, which, if violated, would cause prices to drop to 32.71. In the upper region, resistance lies at 34.41. The next price resistance is at 35.20. RSI (Relative Strength Index) is 32.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.11, which suggests the price will decrease in the coming days. Percent R is at 85.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
