Analysts review L3Harris Technologies Inc’s rating

L3Harris Technologies Inc’s recent filing unveils that its Pres., Space & Airborne Sys. ZOISS EDWARD J unloaded Company’s shares for reported $0.9 million on Nov 24. In the deal valued at $190.00 per share,4,742 shares were sold. As a result of this transaction, ZOISS EDWARD J now holds 27,183 shares worth roughly $5.7 million.

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Then, ZOISS EDWARD J sold 30,077 shares, generating $5,222,214 in total proceeds. Upon selling the shares at $173.63, the Pres., Space & Airborne Sys. now owns 31,923 shares.

JP Morgan upgraded its L3Harris Technologies Inc [LHX] rating to an Overweight from a a Neutral in a research note published recently.

Price Performance Review of LHX

On Friday, L3Harris Technologies Inc [NYSE:LHX] saw its stock jump 0.26% to $209.84. Over the last five days, the stock has gained 1.37%. L3Harris Technologies Inc shares have fallen nearly -0.37% since the year began. Nevertheless, the stocks have fallen -0.99% over the past one year. While a 52-week high of $219.31 was reached on 01/02/24, a 52-week low of $160.25 was recorded on 01/11/24. SMA at 50 days reached $205.36, while 200 days put it at $189.30. A total of 0.54 million shares were traded, compared to the trading of 0.91 million shares in the previous session.

Levels Of Support And Resistance For LHX Stock

The 24-hour chart illustrates a support level at 208.44, which if violated will result in even more drops to 207.03. On the upside, there is a resistance level at 210.68. A further resistance level may holdings at 211.51. The Relative Strength Index (RSI) on the 14-day chart is 58.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.47%. Stochastics %K at 75.40% indicates the stock is a holding.

How much short interest is there in L3Harris Technologies Inc?

A steep rise in short interest was recorded in L3Harris Technologies Inc stocks on Jan 31, 2024, dropping by -0.26 million shares to a total of 2.04 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 2.3 million shares. There was a decline of -12.75%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.61.

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