RTX Corp’s recently made public that its Executive Chairman HAYES GREGORY unloaded Company’s shares for reported $15.88 million on Jul 31 ’24. In the deal valued at $117.74 per share,134,887 shares were sold. As a result of this transaction, HAYES GREGORY now holds 566,723 shares worth roughly $71.36 million.
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Then, Mitchill Neil G. JR sold 4,322 shares, generating $498,908 in total proceeds. Upon selling the shares at $115.43, the EVP, Chief Financial Officer now owns 66,470 shares.
Before that, Gregory Hayes bought 134,887 shares. RTX Corp shares valued at $15,880,930 were divested by the Officer at a price of $117.74 per share.
Deutsche Bank upgraded its RTX Corp [RTX] rating to a Hold from a a Sell in a research note published on October 03, 2024; the price target was increased to $129 from $109. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. Alembic Global Advisors also remained covering RTX and has increased its forecast on July 30, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on March 14, 2024. It rated RTX as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of RTX
On Friday, RTX Corp [NYSE:RTX] saw its stock jump 0.14% to $125.92. Over the last five days, the stock has gained 1.61%. RTX Corp shares have risen nearly 49.66% since the year began. Nevertheless, the stocks have risen 69.61% over the past one year. While a 52-week high of $127.00 was reached on 10/17/24, a 52-week low of $72.48 was recorded on 01/02/24. SMA at 50 days reached $120.77, while 200 days put it at $104.46.
Levels Of Support And Resistance For RTX Stock
The 24-hour chart illustrates a support level at 125.21, which if violated will result in even more drops to 124.51. On the upside, there is a resistance level at 126.45. A further resistance level may holdings at 126.98. The Relative Strength Index (RSI) on the 14-day chart is 65.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.74%. Stochastics %K at 86.21% indicates the stock is a selling.
How much short interest is there in RTX Corp?
A steep rise in short interest was recorded in RTX Corp stocks on 2024-09-30, dropping by -2.23 million shares to a total of 11.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.85 million shares. There was a decline of -19.22%, which implies that there is a negative sentiment for the stock.
