In a filing, Flex Ltd revealed its Chief Executive Officer Advaithi Revathi unloaded Company’s shares for reported $4.58 million on May 07 ’25. In the deal valued at $38.09 per share,120,280 shares were sold. As a result of this transaction, Advaithi Revathi now holds 1,112,193 shares worth roughly $42.8 million.
Then, Advaithi Revathi sold 11,720 shares, generating $453,492 in total proceeds. Upon selling the shares at $38.69, the Chief Executive Officer now owns 1,100,473 shares.
Before that, Advaithi Revathi bought 11,720 shares. Flex Ltd shares valued at $453,492 were divested by the Officer at a price of $38.69 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 Friday, Flex Ltd [NASDAQ:FLEX] saw its stock fall -0.10% to $38.48. Over the last five days, the stock has gained 4.75%. Flex Ltd shares have risen nearly 0.23% since the year began. Nevertheless, the stocks have risen 32.05% over the past one year. While a 52-week high of $45.10 was reached on 01/22/25, a 52-week low of $25.11 was recorded on 04/07/25. SMA at 50 days reached $33.91, while 200 days put it at $35.66.
Levels Of Support And Resistance For FLEX Stock
The 24-hour chart illustrates a support level at 38.09, which if violated will result in even more drops to 37.71. On the upside, there is a resistance level at 39.07. A further resistance level may holdings at 39.67. The Relative Strength Index (RSI) on the 14-day chart is 66.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.78%. Stochastics %K at 90.95% indicates the stock is a selling.
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.
