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 $5.85 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.
JP Morgan upgraded its Lockheed Martin Corp. [LMT] rating to an Overweight from a a Neutral in a research note published on April 15, 2024; the price target was increased to $518 from $475. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Jefferies also remained covering LMT and reiterated its “Hold” recommendation on October 04, 2023. Deutsche Bank started covering the stock on September 28, 2023. It rated LMT as “a Hold”.
Price Performance Review of LMT
On Friday, Lockheed Martin Corp. [NYSE:LMT] saw its stock jump 1.71% to $463.87. Over the last five days, the stock has gained 2.99%. Lockheed Martin Corp. shares have risen nearly 2.35% since the year began. Nevertheless, the stocks have fallen -6.32% over the past one year. While a 52-week high of $503.33 was reached on 01/16/24, a 52-week low of $393.77 was recorded on 02/14/24. SMA at 50 days reached $439.46, while 200 days put it at $442.36. A total of 1.39 million shares were traded, compared to the trading of 0.71 million shares in the previous session.
Levels Of Support And Resistance For LMT Stock
The 24-hour chart illustrates a support level at 458.98, which if violated will result in even more drops to 454.09. On the upside, there is a resistance level at 467.06. A further resistance level may holdings at 470.25. The Relative Strength Index (RSI) on the 14-day chart is 70.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.61%. Stochastics %K at 84.72% indicates the stock is a selling.
