L3Harris Technologies Inc’s filing revealed that its President, Aerojet Rocketdyne NIEBERGALL ROSS unloaded Company’s shares for reported $0.73 million on Oct 02 ’24. In the deal valued at $244.68 per share,2,988 shares were sold. As a result of this transaction, NIEBERGALL ROSS now holds 13,328 shares worth roughly $3.27 million.
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Then, NIEBERGALL ROSS bought 2,988 shares, generating $731,104 in total proceeds.
Before that, Stackley Sean J bought 21,492 shares. L3Harris Technologies Inc shares valued at $5,266,403 were divested by the Former Officer at a price of $245.04 per share.
Wolfe Research upgraded its L3Harris Technologies Inc [LHX] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Sector perform”. Morgan Stanley also remained covering LHX and has decreased its forecast on August 09, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Deutsche Bank revised its rating on July 26, 2024. It rated LHX as “a Hold” which previously was an “a Buy”.
Price Performance Review of LHX
On Tuesday, L3Harris Technologies Inc [NYSE:LHX] saw its stock fall -1.18% to $245.30. Over the last five days, the stock has gained 1.67%. L3Harris Technologies Inc shares have risen nearly 16.47% since the year began. Nevertheless, the stocks have risen 38.40% over the past one year. While a 52-week high of $248.45 was reached on 10/15/24, a 52-week low of $169.55 was recorded on 04/16/24. SMA at 50 days reached $233.71, while 200 days put it at $220.48.
Levels Of Support And Resistance For LHX Stock
The 24-hour chart illustrates a support level at 243.37, which if violated will result in even more drops to 241.43. On the upside, there is a resistance level at 248.12. A further resistance level may holdings at 250.93. The Relative Strength Index (RSI) on the 14-day chart is 62.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.00%. Stochastics %K at 89.87% indicates the stock is a selling.
How much short interest is there in L3Harris Technologies Inc?
A steep rise in short interest was recorded in L3Harris Technologies Inc stocks on 2024-09-30, growing by 92928.0 shares to a total of 1.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.03 million shares. There was a rise of 8.31%, which implies that there is a positive sentiment for the stock.
