Leggett & Platt Incorporated ($LEG) Stock Forecast: Down 5.3% Today

What is Leggett & Platt Incorporated?

LEG is a stock of a company operating in the consumer discretionary sector.

Why is Leggett & Platt Incorporated going down?

LEG stock is down 5.3% on May 21, 2025 17:56

• LEG experienced a bearish movement possibly due to concerns raised in the consumer sector, as indicated by the warning to investors about consumer stocks falling off a cliff in Q2.
• The negative sentiment towards consumer stocks in the market might have influenced the bearish movement of LEG.
• Investors may have reacted to the warning signs in the consumer sector, leading to a sell-off in LEG shares.
• The overall sentiment in the consumer discretionary sector seems to be cautious, which could have contributed to the downward trend in LEG's stock price.

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Top 3 Consumer Stocks That May Fall Off A Cliff In Q2 - Laureate Education ( NASDAQ:LAUR ) , Fossil Group ( NASDAQ:FOSL )

As of May 16, 2025, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days ...

https://www.benzinga.com/trading-ideas/short-ideas/25/05/45466849/top-3-consumer-stocks-that-may-fall-off-a-cliff-in-q2

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Leggett & Platt Incorporated Price History

25.05.2024 - LEG Stock was down 5.1%

• The recent downgrade of LEG from a hold to a sell rating may have influenced the bearish trend.
• Potential reasons for the downgrade could include weak financial performance or concerns about future growth prospects.
• Negative investor response to the sell rating likely led to higher selling activity of LEG shares.
• The downgrade possibly diminished investor trust in the company's outlook, leading to today's downward movement in the market for LEG.

14.01.2025 - LEG Stock was up 16.2%

• Despite anticipated soft demand in key markets, LEG witnessed a notable uptrend, hinting at potential positive outcomes for its Q4 earnings.
• Market sentiment appears optimistic regarding LEG's capacity to address obstacles and potentially surpass expectations amid challenging market conditions.
• The recent uptrend could indicate investor emphasis on factors like cost efficiency, strategic endeavors, and broader market sentiments, rather than solely demand projections.

17.03.2025 - LEG Stock was up 5.0%

• LEG stock surged following the announcement of their 1Q 2025 results.
• Strong financial performance in the first quarter likely exceeded market expectations, leading to increased investor confidence.
• The positive earnings report and upcoming conference call may have attracted more buyers, driving the bullish movement in LEG stock.
• Investors are optimistic about the company's future growth prospects based on the strong start to the year.

28.00.2025 - LEG Stock was down 5.4%

• LEG stock experienced a bearish movement likely due to investors' anticipation of the upcoming earnings call.
• The market might be reacting negatively to potential concerns or uncertainties surrounding the company's financial performance in the fourth quarter and full year of 2024.
• Investors could be adjusting their positions in LEG stock based on expectations set by the upcoming earnings report, leading to the bearish trend observed today.

21.04.2025 - LEG Stock was down 5.3%

• LEG experienced a bearish movement possibly due to concerns raised in the consumer sector, as indicated by the warning to investors about consumer stocks falling off a cliff in Q2.
• The negative sentiment towards consumer stocks in the market might have influenced the bearish movement of LEG.
• Investors may have reacted to the warning signs in the consumer sector, leading to a sell-off in LEG shares.
• The overall sentiment in the consumer discretionary sector seems to be cautious, which could have contributed to the downward trend in LEG's stock price.

31.00.2025 - LEG Stock was down 5.1%

• The bearish movement of LEG's stock could be linked to concerns about the upcoming earnings call and uncertainty surrounding the company's performance in the fourth quarter of 2024.
• Market competition may have negatively affected LEG's stock, leading to a decrease in investor confidence.
• The anticipation of the earnings call on February 13, 2025, potentially prompted some investors to sell off their positions in LEG, contributing to the bearish movement in the stock.

30.04.2024 - LEG Stock was up 5.5%

• The recent appointment of Karl Glassman as the new President and CEO of Leggett & Platt is likely boosting investor confidence, contributing to the positive market reaction.
• Insider purchases of company stock by directors, amounting to $64k, suggest optimism regarding the company's future prospects.
• The noteworthy insider trades and the change in leadership reflect a strong belief in the company's potential for growth, fueling today's uptrend in the stock price.

11.05.2024 - LEG Stock was down 5.2%

• Recent acquisition of 10,000 shares by Director Srikanth Padmanabhan could signal confidence in the company's future.
• Despite insider buying, bearish market reaction could stem from broader economic worries or specific company performance concerns.
• Some investors may view the insider purchase separately from the company's overall status, influencing the negative trend in LEG's stock price for the day.

02.03.2024 - LEG Stock was down 5.1%

• LEG experienced a bearish movement today amidst a mixed closing for U.S. stocks.
• The strong performance of dividend-paying stocks, particularly Dividend Kings, might have diverted investor attention away from LEG, impacting its market movement negatively.
• Analysts' bullish stock picks for companies like Riot Platforms and O'Reilly Automotive could have attracted investors away from LEG, contributing to its bearish trend.
• The overall positive sentiment in the market, with the S&P 500 and Dow Jones recording gains, might have highlighted LEG's underperformance, leading to the bearish movement.

03.04.2024 - LEG Stock was up 6.9%

• LEG stock saw a significant uptrend despite concerns about the company's first-quarter performance.
• The choice to reduce its dividend payout, a tradition of 52 years, initially impacted the stock price negatively. However, investors appear hopeful about the company's future.
• The market might have anticipated the revenue and earnings setbacks in Q1, prompting some opportunistic investors to view it as a buying opportunity.
• The adjustment of price targets by analysts following the dividend cut could have influenced the stock price, fostering a more optimistic outlook among investors regarding LEG.

10.06.2024 - LEG Stock was up 5.5%

• A downgrade from a "hold" to a "sell" rating could have initially caused some uncertainty and selling pressure on the stock.
• However, the strong bullish movement suggests that investors may have viewed the downgrade as an opportunity to buy the stock at a potentially discounted price.
• This movement could indicate that investors have confidence in Leggett & Platt's long-term prospects despite the short-term downgrade, leading to increased buying interest and driving the stock price higher.

29.03.2025 - LEG Stock was up 21.5%

• LEG stock showed a significant upward movement following the release of better-than-expected first-quarter EPS figures and an upward revision of its FY25 EPS outlook.
• The favorable earnings report and heightened guidance likely boosted investor confidence, resulting in increased buying interest.
• This highlights the influence of strong financial performance and positive future prospects on stock prices, driving them upwards in response to encouraging developments.