In a filing, RTX Corp revealed its Chairman and CEO HAYES GREGORY unloaded Company’s shares for reported $9.11 million on Apr 25 ’24. In the deal valued at $101.44 per share,89,762 shares were sold. As a result of this transaction, HAYES GREGORY now holds 636,759 shares worth roughly $65.23 million.
Then, Williams Dantaya M sold 105 shares, generating $9,507 in total proceeds. Upon selling the shares at $90.54, the EVP & Chief HR Officer now owns 33,667 shares.
Before that, Eddy Shane G sold 35,456 shares. RTX Corp shares valued at $3,233,271 were divested by the President, P&W at a price of $91.19 per share. As a result of the transaction, Eddy Shane G now holds 6,741 shares, worth roughly $0.69 million.
Wells Fargo upgraded its RTX Corp [RTX] rating to an Overweight from a an Equal weight in a research note published on March 14, 2024; the price target was increased to $120 from $100. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late January from “an Underperform” to “a Neutral”. Robert W. Baird also remained covering RTX and has decreased its forecast on January 16, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Redburn Atlantic revised its rating on November 15, 2023. It rated RTX as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of RTX
On Monday, RTX Corp [NYSE:RTX] saw its stock jump 1.02% to $102.44. Over the last five days, the stock has gained 0.87%. RTX Corp shares have risen nearly 21.75% since the year began. Nevertheless, the stocks have risen 3.07% over the past one year. While a 52-week high of $103.89 was reached on 04/23/24, a 52-week low of $68.56 was recorded on 01/02/24. SMA at 50 days reached $95.67, while 200 days put it at $86.10. A total of 4.47 million shares were traded, compared to the trading of 7.72 million shares in the previous session.
Levels Of Support And Resistance For RTX Stock
The 24-hour chart illustrates a support level at 101.86, which if violated will result in even more drops to 101.27. On the upside, there is a resistance level at 102.82. A further resistance level may holdings at 103.19. The Relative Strength Index (RSI) on the 14-day chart is 71.63, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.81%. Stochastics %K at 53.92% indicates the stock is a holding.
