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. Lockheed Martin Corp. shares valued at $1,941,710 were sold by Hill Stephanie C. on Mar 06 ’24. At $431.59 per share, Hill Stephanie C. sold 4,499 shares. The insider’s holdings dropped to 12,604 shares worth approximately $5.75 million following the completion of this transaction.
Also, Ulmer Gregory M sold 6,204 shares, netting a total of over 2,675,125 in proceeds. Following the sale of shares at $431.19 each, the insider now holds 0 shares.
Before that, Lavan Maryanne had sold 4,022 shares from its account. In a trade valued at $1,747,313, the SVP & General Counsel traded Lockheed Martin Corp. shares for $434.39 each. Upon closing the transaction, the insider’s holdings decreased to 4,022 shares, worth approximately $0.0.
As published in a research note from JP Morgan on April 15, 2024, Lockheed Martin Corp. [LMT] has been rated up from a Neutral to an Overweight and the price target has been revised to $518 from $475. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid October. As of October 04, 2023, Jefferies has reiterated its “Hold” rating for LMT. Earlier on September 28, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for LMT stock.
Analyzing LMT Stock Performance
During the last five days, there has been a surge of approximately 0.96%. Over the course of the year, Lockheed Martin Corp. shares have jumped approximately 0.62%. Shares of the company reached a 52-week high of $466.27 on 01/16/24 and a 52-week low of $413.92 on 02/14/24. A 50-day SMA is recorded $438.20, while a 200-day SMA reached $442.39. Nevertheless, trading volume fell to 0.85 million shares from 1.45 million shares the previous day.
Support And Resistance Levels for Lockheed Martin Corp. (LMT)
According to the 24-hour chart, there is a support level at 452.77, which, if violated, would cause prices to drop to 449.50. In the upper region, resistance lies at 458.28. The next price resistance is at 460.52. RSI (Relative Strength Index) is 62.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.91, which suggests the price will increase in the coming days. Percent R is at 19.74%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
