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LHX Shares Experience Decline in Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. L3Harris Technologies Inc shares valued at $5,911,083 were sold by KUBASIK CHRISTOPHER E on Jun 04 ’24. At $225.70 per share, KUBASIK CHRISTOPHER E sold 26,190 shares. The insider’s holdings dropped to 120,326 shares worth approximately $26.72 million following the completion of this transaction.

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Also, KUBASIK CHRISTOPHER E sold 25,000 shares, netting a total of over 5,561,250 in proceeds. Following the sale of shares at $222.45 each, the insider now holds 120,326 shares.

Before that, KUBASIK CHRISTOPHER E had sold 25,000 shares from its account. In a trade valued at $5,627,750, the Chair and CEO traded L3Harris Technologies Inc shares for $225.11 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $26.72 million.

As published in a research note from Alembic Global Advisors on April 22, 2024, L3Harris Technologies Inc [LHX] has been rated up from a Neutral to an Overweight and the price target has been revised to $238. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid January. As of December 15, 2023, Deutsche Bank has increased its “Hold” rating to a “Buy” for LHX. Earlier on October 31, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for LHX stock which previously was a “a Neutral”.

Analyzing LHX Stock Performance

During the last five days, there has been a surge of approximately 1.31%. Over the course of the year, L3Harris Technologies Inc shares have jumped approximately 5.42%. Shares of the company reached a 52-week high of $226.99 on 06/04/24 and a 52-week low of $200.18 on 04/16/24. A 50-day SMA is recorded $214.10, while a 200-day SMA reached $198.95. Nevertheless, trading volume fell to 0.63 million shares from 0.71 million shares the previous day.

Support And Resistance Levels for L3Harris Technologies Inc (LHX)

According to the 24-hour chart, there is a support level at 220.93, which, if violated, would cause prices to drop to 219.82. In the upper region, resistance lies at 224.12. The next price resistance is at 226.20. RSI (Relative Strength Index) is 54.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.31, which suggests the price will increase in the coming days. Percent R is at 41.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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