Lockheed Martin Corporation [LMT] stock for 2,937,014 USD was sold by Ulmer Gregory M

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lockheed Martin Corporation shares valued at $2,937,014 were sold by Ulmer Gregory M on Aug 03. At $423.87 per share, Ulmer Gregory M sold 6,929 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Donovan John purchased 632 shares, netting a total of over 250,373 in proceeds. Following the buying of shares at $396.16 each, the insider now holds 1,200 shares.

Before that, Donovan John had added 568 shares to its account. In a trade valued at $250,230, the Director bought Lockheed Martin Corporation shares for $440.55 each. Upon closing the transaction, the insider’s holdings increased to 568 shares, worth approximately $0.24 million.

As published in a research note from Wolfe Research on February 28, 2022, Lockheed Martin Corporation [LMT] has been rated up from a Peer perform to an Outperform. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of September 29, 2021, Cowen has decreased its “an Outperform” rating to a “Market perform” for LMT. Earlier on September 23, 2021, Goldman downgraded its rating. Their new recommendation was “a Neutral” for LMT stock which previously was a “a Buy”.

Analyzing LMT’s Price Performance

On Thursday, Lockheed Martin Corporation [NYSE: LMT] plunged -0.27% to $428.13. The stock’s lowest price that day was $426.89, but it reached a high of $434.6525 in the same session. During the last five days, there has been a surge of approximately 5.43%. Over the course of the year, Lockheed Martin Corporation shares have jumped approximately 20.46%. Shares of the company reached a 52-week high of $479.99 on 03/07/22 and a 52-week low of $353.03 on 01/03/22. A 50-day SMA is recorded $420.29, while a 200-day SMA reached $400.33. Nevertheless, trading volume fell to 1.13 million shares from 1.33 million shares the previous day.

Support And Resistance Levels for Lockheed Martin Corporation (LMT)

According to the 24-hour chart, there is a support level at 425.13, which, if violated, would cause prices to drop to 422.13. In the upper region, resistance lies at 432.89. The next price resistance is at 437.65. RSI (Relative Strength Index) is 61.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 22.78, which suggests the price will increase in the coming days. Percent R is at 10.70%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Lockheed Martin Corporation subject to short interest?

Stocks of Lockheed Martin Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.13 million shares to 2.54 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.41 million shares. A jump of 5.12% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.03.

Which companies own the most shares of Lockheed Martin Corporation (LMT)?

According to SSgA Funds Management, Inc. filings, the company currently owns 38,783,268 shares, which is about 14.57% of the total LMT shares outstanding. The investor’s shares have plunged by -810,527 from its previous 13-F filing of 39593795.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $9,292,204,798. Capital Research & Management Co acquire a 19.01% interest valued at $6.89 billion while BlackRock Fund Advisors purchased a 463,955 stake. A total of 264,665 shares of Lockheed Martin Corporation were bought by Charles Schwab Investment Managem during the quarter, and -3,507,735 were sold by Wellington Management Co. LLP. In its current portfolio, Geode Capital Management LLC holds 4,191,832 shares valued at $1.8 billion.

In terms of Lockheed Martin Corporation share price expectations, FactSet research, analysts set an average price target of $462.53 in the next 12 months, up nearly 7.15% from the previous closing price of $429.30. Analysts anticipate Lockheed Martin Corporation stock to reach $539.00 by 2022, with the lowest price target being $374.00. In spite of this, 19 analysts ranked Lockheed Martin Corporation stock as an Overweight at the end of 2022. On May 13, 2021, Wells Fargo assigned a price target of “an Equal weight” to the stock and initiated coverage with a $384.


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