Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. RTX Corp shares valued at $9,507 were sold by Williams Dantaya M on Mar 08 ’24. At $90.54 per share, Williams Dantaya M sold 105 shares. The insider’s holdings dropped to 33,667 shares worth approximately $3.39 million following the completion of this transaction.
Also, Eddy Shane G sold 35,456 shares, netting a total of over 3,233,271 in proceeds. Following the sale of shares at $91.19 each, the insider now holds 6,741 shares.
Before that, Mitchill Neil G. JR had sold 1,545 shares from its account. In a trade valued at $142,690, the EVP, Chief Financial Officer traded RTX Corp shares for $92.36 each. Upon closing the transaction, the insider’s holdings decreased to 1,545 shares, worth approximately $5.02 million.
As published in a research note from Wells Fargo on March 14, 2024, RTX Corp [RTX] has been rated up from an Equal weight to an Overweight and the price target has been revised to $120 from $100. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of January 16, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for RTX. Earlier on November 15, 2023, Redburn Atlantic downgraded its rating. Their new recommendation was “a Neutral” for RTX stock which previously was a “an Overweight”.
Analyzing RTX Stock Performance
During the last five days, there has been a drop of approximately -0.07%. Over the course of the year, RTX Corp shares have jumped approximately 19.69%. Shares of the company reached a 52-week high of $102.35 on 04/12/24 and a 52-week low of $83.96 on 01/02/24. A 50-day SMA is recorded $94.22, while a 200-day SMA reached $85.96. Nevertheless, trading volume fell to 4.24 million shares from 7.09 million shares the previous day.
Support And Resistance Levels for RTX Corp (RTX)
According to the 24-hour chart, there is a support level at 100.18, which, if violated, would cause prices to drop to 99.65. In the upper region, resistance lies at 101.57. The next price resistance is at 102.43. RSI (Relative Strength Index) is 69.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 30.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
