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 $5,266,403 were purchased by Stackley Sean J on Oct 02 ’24. At $245.04 per share, Stackley Sean J acquired 21,492 shares.
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Also, Stackley Sean J purchased 34,707 shares, netting a total of over 8,052,024 in proceeds.
Before that, NIEBERGALL ROSS had sold 2,988 shares from its account. In a trade valued at $707,200, the President, Aerojet Rocketdyne traded L3Harris Technologies Inc shares for $236.68 each. Upon closing the transaction, the insider’s holdings decreased to 2,988 shares, worth approximately $3.99 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 4.86%. Over the course of the year, L3Harris Technologies Inc shares have jumped approximately 16.16%. Shares of the company reached a 52-week high of $247.33 on 10/01/24 and a 52-week low of $200.18 on 04/16/24. A 50-day SMA is recorded $231.34, while a 200-day SMA reached $218.92. Nevertheless, trading volume fell to 0.68 million shares from 1.25 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 243.59, which, if violated, would cause prices to drop to 242.51. In the upper region, resistance lies at 246.25. The next price resistance is at 247.83. RSI (Relative Strength Index) is 67.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.98, which suggests the price will increase in the coming days. Percent R is at 13.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
