Lear Corporation (LEA) has risen sharply, recording gains of 10.35% in the past 4 weeks. However, the stock has corrected -0.04% in the past 1 week, providing a good buying opportunity on dips. Lear Corporation (LEA) : Traders are bullish on Lear Corporation (LEA) as it has outperformed the S&P 500 by a wide margin of 6.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.02%, relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 3.87% and the 50-Day Moving Average is 1.51%. Lear Corp. has dropped 1.2% during the last 3-month period . Year-to-Date the stock performance stands at -7.12%.
Lear Corporation (NYSE:LEA): stock turned positive on Friday. Though the stock opened at $110.58, the bulls momentum made the stock top out at $115.28 level for the day. The stock recorded a low of $110.31 and closed the trading day at $113.45, in the green by 3.08%. The total traded volume for the day was 1,364,448. The stock had closed at $110.06 in the previous days trading.
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.