L3Harris Technologies Inc’s filing revealed that its Chair and CEO KUBASIK CHRISTOPHER E unloaded Company’s shares for reported $1.33 million on Mar 26 ’24. In the deal valued at $211.91 per share,6,258 shares were sold. As a result of this transaction, KUBASIK CHRISTOPHER E now holds 116,175 shares worth roughly $23.87 million.
Then, KUBASIK CHRISTOPHER E sold 40,000 shares, generating $8,488,800 in total proceeds. Upon selling the shares at $212.22, the Chair and CEO now owns 116,175 shares.
Before that, MIKUEN SCOTT T sold 3,363 shares. L3Harris Technologies Inc shares valued at $715,848 were divested by the Sr VP-General Counsel & Secy at a price of $212.86 per share. As a result of the transaction, MIKUEN SCOTT T now holds 55,254 shares, worth roughly $11.35 million.
JP Morgan upgraded its L3Harris Technologies Inc [LHX] rating to an Overweight from a Neutral in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. Robert W. Baird also remained covering LHX and has increased its forecast on October 31, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Raymond James revised its rating on October 30, 2023. It rated LHX as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of LHX
On Friday, L3Harris Technologies Inc [NYSE:LHX] saw its stock jump 1.67% to $205.45. Over the last five days, the stock has gained 1.40%. L3Harris Technologies Inc shares have fallen nearly -2.45% since the year began. Nevertheless, the stocks have risen 0.94% over the past one year. While a 52-week high of $218.34 was reached on 03/05/24, a 52-week low of $160.25 was recorded on 04/16/24. SMA at 50 days reached $210.18, while 200 days put it at $194.51. A total of 0.9 million shares were traded, compared to the trading of 0.68 million shares in the previous session.
Levels Of Support And Resistance For LHX Stock
The 24-hour chart illustrates a support level at 203.52, which if violated will result in even more drops to 201.60. On the upside, there is a resistance level at 206.48. A further resistance level may holdings at 207.52. The Relative Strength Index (RSI) on the 14-day chart is 46.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.47%. Stochastics %K at 25.60% indicates the stock is a holding.
The most recent change occurred on September 28, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $192 price target.
