Large Inflow of Money Detected in Lear Corporation

Lear Corporation (LEA) : Wednesdays money flow indicated an uptick to downtick ratio was at 2.81. The total value of inflow transactions on upticks was $2.11 million, whereas, the total value of outflow trades on downticks was $0.75 million. The total money flow was $1.36 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $1.22 million. The total value of the trades done on upticks was $1.22 million. Lear Corporation (LEA) was trading with a -0.15% change over previous days close. It fell $0.17 during the day and reached $112.11. The stock was 0.24% compared to the previous weeks close.


Also, Major Brokerage house, Bank of America downgrades its ratings on Lear Corporation (NYSE:LEA). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 21, 2016.

Lear Corporation (NYSE:LEA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.31 and $111.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $114.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $113.64, notching a gain of 1.21% for the day. The total traded volume was 627,728 . The stock had closed at $112.28 on the previous day.

The stock has recorded a 20-day Moving Average of 6.35% and the 50-Day Moving Average is 1.59%. In a related news, Mallett Conrad L Jr, Director of LEAR CORP, unloaded 100 shares at an average price of $100.99 on June 28, 2016. The total amount of the transaction was worth $10,099, according to the disclosed information 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.

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