L3Harris Technologies Inc’s recently made public that its President, Aerojet Rocketdyne NIEBERGALL ROSS unloaded Company’s shares for reported $0.71 million on Sep 03 ’24. In the deal valued at $236.68 per share,2,988 shares were sold. As a result of this transaction, NIEBERGALL ROSS now holds 16,316 shares worth roughly $ 3.74 million.
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Then, NIEBERGALL ROSS bought 2,988 shares, generating $707,200 in total proceeds.
Before that, MIKUEN SCOTT T sold 15,887 shares. L3Harris Technologies Inc shares valued at $3,733,445 were divested by the Sr VP-General Counsel & Secy at a price of $235.00 per share. As a result of the transaction, MIKUEN SCOTT T now holds 47,616 shares, worth roughly $10.92 million.
RBC Capital Mkts downgraded its L3Harris Technologies Inc [LHX] rating to a Sector perform from a an Outperform in a research note published on August 14, 2024; the price target was decreased to $240 from $250. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “an Equal-weight”. Deutsche Bank also remained covering LHX and has decreased its forecast on July 26, 2024 with a “Hold” recommendation from previously “Buy” rating. Alembic Global Advisors revised its rating on April 22, 2024. It rated LHX as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of LHX
On Monday, L3Harris Technologies Inc [NYSE:LHX] saw its stock jump 0.90% to $229.27. Over the last five days, the stock has lost -3.13%. L3Harris Technologies Inc shares have risen nearly 8.85% since the year began. Nevertheless, the stocks have risen 35.99% over the past one year. While a 52-week high of $245.60 was reached on 07/25/24, a 52-week low of $160.25 was recorded on 04/16/24. SMA at 50 days reached $230.45, while 200 days put it at $215.69.
Levels Of Support And Resistance For LHX Stock
The 24-hour chart illustrates a support level at 228.01, which if violated will result in even more drops to 226.75. On the upside, there is a resistance level at 230.16. A further resistance level may holdings at 231.04. The Relative Strength Index (RSI) on the 14-day chart is 47.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.62%. Stochastics %K at 29.13% indicates the stock is a holding.
How much short interest is there in L3Harris Technologies Inc?
A steep rise in short interest was recorded in L3Harris Technologies Inc stocks on 2024-08-15, dropping by -0.41 million shares to a total of 1.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.56 million shares. There was a decline of -36.24%, which implies that there is a negative sentiment for the stock.
