In a filing, Flex Ltd revealed its Chief Accounting Officer WENDLER DANIEL unloaded Company’s shares for reported $61139.0 on Mar 11 ’25. In the deal valued at $33.74 per share,1,812 shares were sold. As a result of this transaction, WENDLER DANIEL now holds 30,698 shares worth roughly $1.08 million.
Then, Tan Kwang Hooi sold 12,500 shares, generating $412,784 in total proceeds. Upon selling the shares at $33.02, the Group President now owns 227,518 shares.
Before that, WENDLER DANIEL bought 1,812 shares. Flex Ltd shares valued at $61,139 were divested by the Officer at a price of $33.74 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 Monday, Flex Ltd [NASDAQ:FLEX] saw its stock jump 2.15% to $35.23. Over the last five days, the stock has gained 7.02%. Flex Ltd shares have fallen nearly -8.23% since the year began. Nevertheless, the stocks have risen 22.54% 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 03/10/25. SMA at 50 days reached $39.94, while 200 days put it at $35.16.
Levels Of Support And Resistance For FLEX Stock
The 24-hour chart illustrates a support level at 34.62, which if violated will result in even more drops to 34.01. On the upside, there is a resistance level at 35.72. A further resistance level may holdings at 36.21. The Relative Strength Index (RSI) on the 14-day chart is 41.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.35%. Stochastics %K at 24.83% indicates the stock is a holding.
How much short interest is there in Flex Ltd?
A steep rise in short interest was recorded in Flex Ltd stocks on 2025-02-28, dropping by -0.93 million shares to a total of 9.69 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 10.62 million shares. There was a decline of -9.56%, which implies that there is a negative sentiment for the stock.
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.
