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Examining the Potential Price Growth of L3Harris Technologies Inc (LHX)

CHWY Stock

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 $25.51 million.

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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 $12.13 million.

Alembic Global Advisors upgraded its L3Harris Technologies Inc [LHX] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “an Overweight”. Deutsche Bank also remained covering LHX and has increased its forecast on December 15, 2023 with a “Buy” recommendation from previously “Hold” rating. Robert W. Baird revised its rating on October 31, 2023. It rated LHX as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of LHX

On Friday, L3Harris Technologies Inc [NYSE:LHX] saw its stock jump 0.05% to $219.60. Over the last five days, the stock has gained 3.47%. L3Harris Technologies Inc shares have risen nearly 4.26% since the year began. Nevertheless, the stocks have risen 16.18% over the past one year. While a 52-week high of $219.88 was reached on 05/10/24, a 52-week low of $160.25 was recorded on 04/16/24. SMA at 50 days reached $210.65, while 200 days put it at $195.65. A total of 0.62 million shares were traded, compared to the trading of 0.83 million shares in the previous session.

Levels Of Support And Resistance For LHX Stock

The 24-hour chart illustrates a support level at 218.80, which if violated will result in even more drops to 217.99. On the upside, there is a resistance level at 220.16. A further resistance level may holdings at 220.71. The Relative Strength Index (RSI) on the 14-day chart is 67.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.07%. Stochastics %K at 94.45% indicates the stock is a selling.

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