Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. RTX Corp shares valued at $15,880,937 were sold by HAYES GREGORY on Jul 31 ’24. At $117.74 per share, HAYES GREGORY sold 134,887 shares. The insider’s holdings dropped to 566,723 shares worth approximately $70.3 million following the completion of this transaction.
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Also, Mitchill Neil G. JR sold 4,322 shares, netting a total of over 498,908 in proceeds. Following the sale of shares at $115.43 each, the insider now holds 66,470 shares.
Before that, Gregory Hayes had added 134,887 shares to its account. In a trade valued at $15,880,930, the Officer bought RTX Corp shares for $117.74 each.
As published in a research note from BofA Securities on July 31, 2024, RTX Corp [RTX] has been rated up from a Neutral to a Buy and the price target has been revised to $140 from $110. Analysts at Alembic Global Advisors upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late July. As of March 14, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for RTX. Earlier on January 25, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for RTX stock which previously was a “an Underperform”.
Analyzing RTX Stock Performance
During the last five days, there has been a surge of approximately 2.60%. Over the course of the year, RTX Corp shares have jumped approximately 47.42%. Shares of the company reached a 52-week high of $125.53 on 10/02/24 and a 52-week low of $83.96 on 01/02/24. A 50-day SMA is recorded $118.32, while a 200-day SMA reached $101.98. Nevertheless, trading volume fell to 3.8 million shares from 7.21 million shares the previous day.
Support And Resistance Levels for RTX Corp (RTX)
According to the 24-hour chart, there is a support level at 123.28, which, if violated, would cause prices to drop to 122.51. In the upper region, resistance lies at 125.17. The next price resistance is at 126.29. RSI (Relative Strength Index) is 67.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.94, which suggests the price will increase in the coming days. Percent R is at 18.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
