Lear Corp (LEA) Files Form 4 Insider Selling : Greg C Smith Sells 1,000 Shares

Lear Corp (LEA): Greg C Smith , director of Lear Corp sold 1,000 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $113.95 per share for a total value of $113,953.30 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Greg C Smith (director) sold 1,000 shares at $113.95 per share price.On Feb 22, 2016, Mel Stephens (SVP Comm, Facilities & Inv Rel) sold 17,146 shares at $104.08 per share price.Also, On Feb 22, 2016, Matthew Simoncini (President & CEO) sold 123,162 shares at $104.08 per share price.On Feb 22, 2016, Raymond E Scott (EVP & President, Seating) sold 43,776 shares at $104.08 per share price.

Lear Corporation: On Friday, May 20, 2016 heightened volatility was witnessed in Lear Corporation which led to swings in the share price. The shares opened for trading at $111.94 and hit $114.79 on the upside , eventually ending the session at $114.23, with a gain of 2.17% or 2.43 points. The heightened volatility saw the trading volume jump to 7,70,747 shares. The 52-week high of the share price is $127 and the company has a market cap of $8,427 M . The 52-week low of the share price is at $89.71.

Lear Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Lear Corporation is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 136 from a previous price target of $124 .The Rating was issued on Apr 28, 2016.Lear Corporation is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 125 from a previous price target of $119 .The Rating was issued on Apr 28, 2016.

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 Company’s 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.

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