In a filing, Lockheed Martin Corp. revealed its Pres. Rotary & Mission Systems Hill Stephanie C. unloaded Company’s shares for reported $1.94 million on Mar 06 ’24. In the deal valued at $431.59 per share,4,499 shares were sold. As a result of this transaction, Hill Stephanie C. now holds 12,604 shares worth roughly $5.68 million.
Then, Ulmer Gregory M sold 6,204 shares, generating $2,675,125 in total proceeds. Upon selling the shares at $431.19, the President Aeronautics now owns 0 shares.
Before that, Lavan Maryanne sold 4,022 shares. Lockheed Martin Corp. shares valued at $1,747,313 were divested by the SVP & General Counsel at a price of $434.39 per share. As a result of the transaction, Lavan Maryanne now holds 0 shares, worth roughly $0.0.
UBS initiated its Lockheed Martin Corp. [LMT] rating to a Neutral in a research note published on October 11, 2023; the price target was $470. A number of analysts have revised their coverage, including Jefferies’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Hold”‘ rating for it. Deutsche Bank began covering LMT with “Hold” recommendation on September 28, 2023. Wells Fargo revised its rating on September 18, 2023. It rated LMT as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of LMT
On Friday, Lockheed Martin Corp. [NYSE:LMT] saw its stock fall -0.42% to $450.40. Over the last five days, the stock has lost -1.09%. Lockheed Martin Corp. shares have fallen nearly -0.63% since the year began. Nevertheless, the stocks have fallen -7.72% over the past one year. While a 52-week high of $508.10 was reached on 01/16/24, a 52-week low of $393.77 was recorded on 02/14/24. SMA at 50 days reached $436.48, while 200 days put it at $442.41. A total of 1.25 million shares were traded, compared to the trading of 0.94 million shares in the previous session.
Levels Of Support And Resistance For LMT Stock
The 24-hour chart illustrates a support level at 447.68, which if violated will result in even more drops to 444.96. On the upside, there is a resistance level at 455.55. A further resistance level may holdings at 460.70. The Relative Strength Index (RSI) on the 14-day chart is 56.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.05%. Stochastics %K at 62.01% indicates the stock is a holding.
The most recent change occurred on July 19, 2023 when Susquehanna resumed its ‘”a Positive”‘ rating for the stock and retained the price target to $550.
