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. L3Harris Technologies Inc shares valued at $3,733,445 were sold by MIKUEN SCOTT T on Jul 15 ’24. At $235.00 per share, MIKUEN SCOTT T sold 15,887 shares. The insider’s holdings dropped to 47,616 shares worth approximately $11.01 million following the completion of this transaction.
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Also, MIKUEN SCOTT T sold 10,527 shares, netting a total of over 2,421,210 in proceeds. Following the sale of shares at $230.00 each, the insider now holds 47,616 shares.
Before that, Stackley Sean J had sold 3,354 shares from its account. In a trade valued at $731,172, the Sr. VP Strategy, Growth & Tech traded L3Harris Technologies Inc shares for $218.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,354 shares, worth approximately $4.06 million.
As published in a research note from RBC Capital Mkts on August 14, 2024, L3Harris Technologies Inc [LHX] has been rated down from an Outperform to a Sector perform and the price target has been revised to $240 from $250. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early August. As of July 26, 2024, Deutsche Bank has decreased its “Buy” rating to a “Hold” for LHX. Earlier on April 22, 2024, Alembic Global Advisors upgraded its rating. Their new recommendation was “an Overweight” 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 2.08%. Over the course of the year, L3Harris Technologies Inc shares have jumped approximately 9.78%. Shares of the company reached a 52-week high of $245.60 on 07/25/24 and a 52-week low of $200.18 on 04/16/24. A 50-day SMA is recorded $228.30, while a 200-day SMA reached $213.06. Nevertheless, trading volume fell to 0.56 million shares from 0.37 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 229.57, which, if violated, would cause prices to drop to 227.93. In the upper region, resistance lies at 232.22. The next price resistance is at 233.23. RSI (Relative Strength Index) is 54.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.87, which suggests the price will increase in the coming days. Percent R is at 5.21%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
