Lear Corporation (NYSE:LEA) has been under a strong bear grip, hence the stock is down -9.1% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.19% in the past 1 week. The stock has risen by 3.5% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.63% in the past 4 weeks.
The company shares have rallied 0.74% from its 1 Year high price. On Dec 18, 2015, the shares registered one year high at $127.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $111.63 and the 200 Day Moving Average price is recorded at $109.76.
The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 5.57%.
Lear Corporation (NYSE:LEA): stock turned positive on Friday. Though the stock opened at $103.41, the bulls momentum made the stock top out at $107.14 level for the day. The stock recorded a low of $103.33 and closed the trading day at $106.41, in the green by 4.54%. The total traded volume for the day was 1,264,506. The stock had closed at $101.79 in the previous days trading.
In an insider trading activity,The Director of LEAR CORP, Mallett Conrad L Jr sold 100 shares at $100.99 on June 28, 2016. The Insider selling transaction had a total value worth of $10,099. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Lear Corporation is engaged in providing automotive seat systems and individual seat component parts. The Company has two segments: seating and electrical. The Company seating segment consists of the design, development, engineering, assembly and delivery of complete seat systems. The Company is also involved in the design, development, engineering and manufacture of all seat components, including seat structures and mechanisms, seat covers and surface materials, such as fabric and leather, seat foam and headrests. The Companys electrical segment consists of the design, development, engineering, manufacture, assembly and supply of electrical distribution systems and components for light vehicles. The Company has manufacturing, engineering and administrative capabilities in about 34 countries with 219 locations. The Company also manufactures junction boxes and electronic control modules, which are connected to the wire harness assemblies.