Lear Corporation (LEA) Shares are Up 0.43%

Lear Corporation (LEA) : Traders are bullish on Lear Corporation (LEA) as it has outperformed the S&P 500 by a wide margin of 1.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.38%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.43% in the last 1 week, and is up 2.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.93% and the 50-Day Moving Average is 2.67%. Lear Corporation (NYSE:LEA): On Fridays trading session , Opening price of the stock was $114.27 with an intraday high of $114.79. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $113.31. However, the stock managed to close at $114.25, a loss of 0.51% for the day. On the previous day, the stock had closed at $114.83. The total traded volume of the day was 538,656 shares.


The company Insiders own 0.33% of Lear Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.29% . Institutional Investors own 96.9% of Lear Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -2.29%. Also, Seaport Global initiates coverage on Lear Corporation (NYSE:LEA). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on August 9, 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 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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