Lockheed Martin Corp.’s recently made public that its Pres. Missiles & Fire Control Cahill Timothy S unloaded Company’s shares for reported $2.05 million on Jul 24 ’24. In the deal valued at $515.36 per share,3,975 shares were sold. As a result of this transaction, Cahill Timothy S now holds 8,877 shares worth roughly $4.66 million.
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Then, Hill Stephanie C. sold 4,499 shares, generating $1,941,710 in total proceeds. Upon selling the shares at $431.59, the Pres. Rotary & Mission Systems now owns 12,604 shares.
Before that, Ulmer Gregory M sold 6,204 shares. Lockheed Martin Corp. shares valued at $2,675,125 were divested by the President Aeronautics at a price of $431.19 per share. As a result of the transaction, Ulmer Gregory M now holds 0 shares, worth roughly $0.0.
Deutsche Bank upgraded its Lockheed Martin Corp. [LMT] rating to a Buy from a a Hold in a research note published on July 26, 2024; the price target was increased to $600 from $540. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. JP Morgan also remained covering LMT and has increased its forecast on April 15, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. UBS started covering the stock on October 11, 2023. It rated LMT as “a Neutral”.
Price Performance Review of LMT
On Friday, Lockheed Martin Corp. [NYSE:LMT] saw its stock jump 0.65% to $524.80. Over the last five days, the stock has gained 10.50%. Lockheed Martin Corp. shares have risen nearly 15.79% since the year began. Nevertheless, the stocks have risen 15.90% over the past one year. While a 52-week high of $526.69 was reached on 07/26/24, a 52-week low of $393.77 was recorded on 02/14/24. SMA at 50 days reached $469.64, while 200 days put it at $451.89. A total of 1.12 million shares were traded, compared to the trading of 1.92 million shares in the previous session.
Levels Of Support And Resistance For LMT Stock
The 24-hour chart illustrates a support level at 520.33, which if violated will result in even more drops to 515.85. On the upside, there is a resistance level at 528.96. A further resistance level may holdings at 533.11. The Relative Strength Index (RSI) on the 14-day chart is 88.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 38.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.29%. Stochastics%K at 93.43% indicates the stock is a selling.
The most recent change occurred on October 04, 2023 when Jefferies resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $455.
