The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. L3Harris Technologies Inc shares valued at $1,326,133 were sold by KUBASIK CHRISTOPHER E on Mar 26 ’24. At $211.91 per share, KUBASIK CHRISTOPHER E sold 6,258 shares. The insider’s holdings dropped to 116,175 shares worth approximately $23.4 million following the completion of this transaction.
Also, KUBASIK CHRISTOPHER E sold 40,000 shares, netting a total of over 8,488,800 in proceeds. Following the sale of shares at $212.22 each, the insider now holds 116,175 shares.
Before that, MIKUEN SCOTT T had sold 3,363 shares from its account. In a trade valued at $715,848, the Sr VP-General Counsel & Secy traded L3Harris Technologies Inc shares for $212.86 each. Upon closing the transaction, the insider’s holdings decreased to 3,363 shares, worth approximately $11.13 million.
As published in a research note from JP Morgan on January 11, 2024, L3Harris Technologies Inc [LHX] has been rated up from a Neutral to an Overweight and the price target has been revised to $240. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of October 31, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for LHX. Earlier on October 30, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for LHX stock which previously was a “a Mkt perform”.
Analyzing LHX Stock Performance
During the last five days, there has been a drop of approximately -1.99%. Over the course of the year, L3Harris Technologies Inc shares have dropped approximately -4.38%. Shares of the company reached a 52-week high of $218.34 on 03/05/24 and a 52-week low of $200.18 on 04/16/24. A 50-day SMA is recorded $210.37, while a 200-day SMA reached $194.44. Nevertheless, trading volume fell to 0.9 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for L3Harris Technologies Inc (LHX)
According to the 24-hour chart, there is a support level at 200.46, which, if violated, would cause prices to drop to 199.52. In the upper region, resistance lies at 202.42. The next price resistance is at 203.44. RSI (Relative Strength Index) is 35.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.05, which suggests the price will decrease in the coming days. Percent R is at 91.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
