Lear Corporation (LEA) : Traders are bullish on Lear Corporation (LEA) as it has outperformed the S&P 500 by a wide margin of 3.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.86%, 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 1.37% in the last 1 week, and is up 2.89% 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 2.24% and the 50-Day Moving Average is 5.51%.The 200 Day SMA reached 4.9%. Lear Corp. is up 1.15% in the last 3-month period. Year-to-Date the stock performance stands at -3.93%.
Lear Corporation (NYSE:LEA): After opening at $116.3, the stock dipped to an intraday low of $115.6965 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $117.275 and the buying power remained strong till the end. The stock closed at $117.05 for the day, a gain of 1.12% for the day session. The total traded volume was 485,405. The stocks close on the previous trading day was $115.75.
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.