Shares of Lear Corporation (LEA) Sees Large Outflow of Money

Lear Corporation (LEA) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.27 million) in Lear Corporation (LEA). On Tuesday, The value of composite uptick trades was $6.33 million, whereas, the value of composite downtick trades was $7.6 million and the ratio between the two was 0.83, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.1 million. The negative money flow of ($0 million) shows selling on strength. Lear Corporation (LEA) gained $0.18 intraday at $115.54 and registrered 0.15% for the week.


Also, Seaport Global initiates coverage on Lear Corporation (NYSE:LEA) . Analysts at the Seaport Global have a current rating of Neutral on the shares. The rating by the firm was issued on August 9, 2016.

Lear Corp. has dropped 0.07% in the last five trading days, however, the shares have posted positive gains of 1.81% in the last 4 weeks. Lear Corp. has dropped 1.25% during the last 3-month period . Year-to-Date the stock performance stands at -5.27%.

Lear Corporation (NYSE:LEA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $115.26 and $114.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $116.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $115.72, notching a gain of 0.31% for the day. The total traded volume was 648,964 . The stock had closed at $115.36 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Director of LEAR CORP, Mallett Conrad L Jr had sold 100 shares worth of $10,099 in a transaction dated June 28, 2016. In this transaction, 100 shares were sold at $100.99 per share.

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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