Monitoring RTX Corporation (RTX) after recent insider movements


RTX Corporation’s recent filing unveils that its Director Winnefeld James A Jr acquired Company’s shares for reported $8682.0 on Jul 26. In the deal valued at $86.82 per share,100 shares were bought. As a result of this transaction, Winnefeld James A Jr now holds 7,800 shares worth roughly $ 0.67 million.

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Then, Johnson Amy L sold 3,622 shares, generating $356,952 in total proceeds. Upon selling the shares at $98.55, the Corporate VP and Controller now owns 4,061 shares.

Before that, HAYES GREGORY sold 4,260 shares. RTX Corporation shares valued at $422,405 were divested by the Chairman and CEO at a price of $99.16 per share. As a result of the transaction, HAYES GREGORY now holds 453,685 shares, worth roughly $39.14 million.

Argus downgraded its RTX Corporation [RTX] rating to a Hold from a a Buy in a research note published on Friday.

Price Performance Review of RTX

On Friday, RTX Corporation [NYSE:RTX] saw its stock jump 0.28% to $86.28. On the same session, the stock had its day’s lowest price of $85.89, but rose to a high of $86.685. Over the last five days, the stock has gained 1.88%. RTX Corporation shares have fallen nearly -14.51% since the year began. Nevertheless, the stocks have fallen -3.87% over the past one year. While a 52-week high of $104.91 was reached on 01/24/23, a 52-week low of $80.27 was recorded on 07/25/23. SMA at 50 days reached $90.63, while 200 days put it at $96.37. A total of 2.58 million shares were traded, compared to the trading of 4.91 million shares in the previous session.

Levels Of Support And Resistance For RTX Stock

The 24-hour chart illustrates a support level at 85.89, which if violated will result in even more drops to 85.49. On the upside, there is a resistance level at 86.68. A further resistance level may holdings at 87.08. The Relative Strength Index (RSI) on the 14-day chart is 45.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.72%. Stochastics %K at 67.48% indicates the stock is a holding.

How much short interest is there in RTX Corporation?

A steep rise in short interest was recorded in RTX Corporation stocks on Aug 14, 2023, growing by 2.34 million shares to a total of 10.64 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.3 million shares. There was a rise of 21.99%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.73% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.17.

RTX Corporation [RTX] – Who Are The Largest Shareholders?

In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 124,348,033 shares, or roughly 8.54% of the outstanding RTX shares. In other words, the investor’s shares have fallen by -364,718 from its previous 13-F filing of 124712751.0. Additionally, The Vanguard Group, Inc. decreased -0.11% of its stake after which the total value it holdings stand at $10,499,259,052, while BlackRock Fund Advisors reduced -0.08% of its stake to hold $6.7 billion in the firm. Over the last quarter, Capital Research & Management Co sold -7,134,057 shares of RTX Corporation, while Capital Research & Management Co sold -611,086 shares. At present, Wellington Management Co. LLP is holding 39,295,771 shares valued at $3.46 billion. Dodge & Cox owned 32,673,190 shares of the company at the time of its most recent 13F filing, worth $2.87 billion.

According to FactSet, RTX Corporation’s share price will average $100.47 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.23 percent from its previous closing price of $86.04. Analysts expect RTX Corporation stock to reach the higher price of $110.00, while the lowest price estimate is $91.00. However, 24 analysts have rated RTX stock as an Overweight in their predictions for 2023.


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