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. RTX Corp shares valued at $1,049,732 were sold by Ortberg Robert Kelly on Apr 30 ’24. At $101.97 per share, Ortberg Robert Kelly sold 10,295 shares. The insider’s holdings dropped to 129,120 shares worth approximately $13.65 million following the completion of this transaction.
Also, HAYES GREGORY sold 89,762 shares, netting a total of over 9,105,531 in proceeds. Following the sale of shares at $101.44 each, the insider now holds 636,759 shares.
Before that, Williams Dantaya M had sold 105 shares from its account. In a trade valued at $9,507, the EVP & Chief HR Officer traded RTX Corp shares for $90.54 each. Upon closing the transaction, the insider’s holdings decreased to 105 shares, worth approximately $3.56 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 surge of approximately 3.78%. Over the course of the year, RTX Corp shares have jumped approximately 25.67%. Shares of the company reached a 52-week high of $105.76 on 05/09/24 and a 52-week low of $83.96 on 01/02/24. A 50-day SMA is recorded $97.64, while a 200-day SMA reached $86.40. Nevertheless, trading volume fell to 7.21 million shares from 6.93 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 104.63, which, if violated, would cause prices to drop to 103.51. In the upper region, resistance lies at 106.31. The next price resistance is at 106.87. RSI (Relative Strength Index) is 76.47 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.13, which suggests the price will increase in the coming days. Percent R is at 0.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
