Lear Corporation (LEA) : The total negative money flow of $3.37 million on Thursday indicates selling on strength. The inflow of money on upticks was $27.34 million, compared to $30.71 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.89. The negative money flow of $0.31 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.22 million in a block trade.The transaction value of block trade on downtick was $1.53 million. The uptick to downtick ratio was 0.8. The price action in the Lear Corporation (LEA) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $101.54 with a gain of $1 , a change of 0.99% over the previous days close. The stock registered -1.24% for the week.
Lear Corporation (LEA) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $150 and the lowest price target forecast is $124. The average forecast of all the analysts is $137.4 and the expected standard deviation is $9.59. The stock has recorded a 20-day Moving Average of 7.01% and the 50-Day Moving Average is 9.9%.
Lear Corporation (NYSE:LEA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.54 and $100.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $103.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.79, notching a gain of 1.24% for the day. The total traded volume was 1,762,961 . The stock had closed at $100.54 on the previous day.
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.