RTX Corp’s recently made public that its EVP & Chief HR Officer Williams Dantaya M unloaded Company’s shares for reported $9507.0 on Mar 08 ’24. In the deal valued at $90.54 per share,105 shares were sold. As a result of this transaction, Williams Dantaya M now holds 33,667 shares worth roughly $3.43 million.
Then, Eddy Shane G sold 35,456 shares, generating $3,233,271 in total proceeds. Upon selling the shares at $91.19, the President, P&W now owns 6,741 shares.
Before that, Mitchill Neil G. JR sold 1,545 shares. RTX Corp shares valued at $142,690 were divested by the EVP, Chief Financial Officer at a price of $92.36 per share. As a result of the transaction, Mitchill Neil G. JR now holds 49,894 shares, worth roughly $5.08 million.
Wells Fargo upgraded its RTX Corp [RTX] rating to an Overweight from a an Equal weight in a research note published on March 14, 2024; the price target was increased to $120 from $100. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late January from “an Underperform” to “a Neutral”. Robert W. Baird also remained covering RTX and has decreased its forecast on January 16, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Redburn Atlantic revised its rating on November 15, 2023. It rated RTX as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of RTX
On Monday, RTX Corp [NYSE:RTX] saw its stock jump 0.19% to $101.88. Over the last five days, the stock has gained 4.21%. RTX Corp shares have risen nearly 21.08% since the year began. Nevertheless, the stocks have risen 3.16% over the past one year. While a 52-week high of $104.91 was reached on 04/08/24, a 52-week low of $68.56 was recorded on 01/02/24. SMA at 50 days reached $92.71, while 200 days put it at $85.81. A total of 9.9 million shares were traded, compared to the trading of 14.05 million shares in the previous session.
Levels Of Support And Resistance For RTX Stock
The 24-hour chart illustrates a support level at 101.35, which if violated will result in even more drops to 100.81. On the upside, there is a resistance level at 102.34. A further resistance level may holdings at 102.79. The Relative Strength Index (RSI) on the 14-day chart is 81.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.62%. Stochastics %K at 98.15% indicates the stock is a selling.
How much short interest is there in RTX Corp?
A steep rise in short interest was recorded in RTX Corp stocks on Mar 15, 2024, dropping by -6.71 million shares to a total of 40.44 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 47.15 million shares. There was a decline of -16.59%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.05% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.64.
