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 $286,000 were purchased by NIEBERGALL ROSS on Nov 06 ’24. At $260.00 per share, NIEBERGALL ROSS acquired 1,100 shares.
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Also, NIEBERGALL ROSS sold 2,988 shares, netting a total of over 740,815 in proceeds. Following the sale of shares at $247.93 each, the insider now holds 10,340 shares.
Before that, KUBASIK CHRISTOPHER E had sold 21,351 shares from its account. In a trade valued at $5,297,397, the Chair and CEO traded L3Harris Technologies Inc shares for $248.11 each. Upon closing the transaction, the insider’s holdings decreased to 21,351 shares, worth approximately $33.25 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 2.97%. Over the course of the year, L3Harris Technologies Inc shares have jumped approximately 20.98%. Shares of the company reached a 52-week high of $260.00 on 11/06/24 and a 52-week low of $200.18 on 04/16/24. A 50-day SMA is recorded $240.33, while a 200-day SMA reached $224.08. Nevertheless, trading volume fell to 0.64 million shares from 0.89 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 253.51, which, if violated, would cause prices to drop to 252.20. In the upper region, resistance lies at 256.73. The next price resistance is at 258.64. RSI (Relative Strength Index) is 64.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.60, which suggests the price will increase in the coming days. Percent R is at 30.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
