Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. L3Harris Technologies Inc shares valued at $5,297,462 were purchased by KUBASIK CHRISTOPHER E on Oct 31 ’24. At $248.11 per share, KUBASIK CHRISTOPHER E acquired 21,351 shares.
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Also, Stackley Sean J purchased 5,241 shares, netting a total of over 1,305,009 in proceeds.
Before that, NIEBERGALL ROSS had sold 2,988 shares from its account. In a trade valued at $731,104, the President, Aerojet Rocketdyne traded L3Harris Technologies Inc shares for $244.68 each. Upon closing the transaction, the insider’s holdings decreased to 2,988 shares, worth approximately $3.3 million.
As published in a research note from BofA Securities on October 31, 2024, L3Harris Technologies Inc [LHX] has been rated up from a Neutral to a Buy and the price target has been revised to $300. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early October. As of August 14, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for LHX. Earlier on August 09, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for LHX stock which previously was a “an Overweight”.
Analyzing LHX Stock Performance
During the last five days, there has been a surge of approximately 1.35%. Over the course of the year, L3Harris Technologies Inc shares have jumped approximately 17.50%. Shares of the company reached a 52-week high of $258.89 on 10/25/24 and a 52-week low of $200.18 on 04/16/24. A 50-day SMA is recorded $238.26, while a 200-day SMA reached $222.93. Nevertheless, trading volume fell to 1.25 million shares from 0.71 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 245.19, which, if violated, would cause prices to drop to 242.91. In the upper region, resistance lies at 249.51. The next price resistance is at 251.55. RSI (Relative Strength Index) is 56.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.20, which suggests the price will decrease in the coming days. Percent R is at 70.71%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
