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 $731,104 were sold by NIEBERGALL ROSS on Oct 02 ’24. At $244.68 per share, NIEBERGALL ROSS sold 2,988 shares. The insider’s holdings dropped to 13,328 shares worth approximately $3.23 million following the completion of this transaction.
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Also, NIEBERGALL ROSS purchased 2,988 shares, netting a total of over 731,104 in proceeds.
Before that, Stackley Sean J had added 21,492 shares to its account. In a trade valued at $5,266,403, the Former Officer bought L3Harris Technologies Inc shares for $245.04 each.
As published in a research note from Wolfe Research on October 10, 2024, L3Harris Technologies Inc [LHX] has been rated up from a Peer perform to an Outperform and the price target has been revised to $300. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid August. As of August 09, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for LHX. Earlier on July 26, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for LHX stock which previously was a “a Buy”.
Analyzing LHX Stock Performance
During the last five days, there has been a drop of approximately -0.31%. Over the course of the year, L3Harris Technologies Inc shares have jumped approximately 15.07%. 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 $232.65, while a 200-day SMA reached $219.93. Nevertheless, trading volume fell to 0.64 million shares from 0.38 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 240.28, which, if violated, would cause prices to drop to 238.21. In the upper region, resistance lies at 245.15. The next price resistance is at 247.95. RSI (Relative Strength Index) is 61.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.34, which suggests the price will increase in the coming days. Percent R is at 31.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
