L3Harris Technologies Inc’s recently made public that its President, Aerojet Rocketdyne NIEBERGALL ROSS unloaded Company’s shares for reported $0.56 million on Nov 08 ’24. In the deal valued at $260.00 per share,2,150 shares were sold. As a result of this transaction, NIEBERGALL ROSS now holds 10,340 shares worth roughly $2.55 million.
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Then, NIEBERGALL ROSS sold 1,100 shares, generating $286,000 in total proceeds. Upon selling the shares at $260.00, the President, Aerojet Rocketdyne now owns 10,340 shares.
Before that, NIEBERGALL ROSS bought 2,150 shares. L3Harris Technologies Inc shares valued at $559,000 were divested by the Officer at a price of $260.00 per share.
BofA Securities upgraded its L3Harris Technologies Inc [LHX] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early October from “a Peer perform” to “an Outperform”. RBC Capital Mkts also remained covering LHX and has decreased its forecast on August 14, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Morgan Stanley revised its rating on August 09, 2024. It rated LHX as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of LHX
On Friday, L3Harris Technologies Inc [NYSE:LHX] saw its stock fall -0.47% to $247.00. Over the last five days, the stock has lost -5.22%. L3Harris Technologies Inc shares have risen nearly 17.27% since the year began. Nevertheless, the stocks have risen 31.78% over the past one year. While a 52-week high of $265.74 was reached on 11/11/24, a 52-week low of $184.34 was recorded on 04/16/24. SMA at 50 days reached $243.16, while 200 days put it at $225.53.
Levels Of Support And Resistance For LHX Stock
The 24-hour chart illustrates a support level at 244.90, which if violated will result in even more drops to 242.81. On the upside, there is a resistance level at 249.69. A further resistance level may holdings at 252.39. The Relative Strength Index (RSI) on the 14-day chart is 46.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.20%. Stochastics %K at 35.89% indicates the stock is a holding.
How much short interest is there in L3Harris Technologies Inc?
A steep rise in short interest was recorded in L3Harris Technologies Inc stocks on 2024-10-31, growing by 0.52 million shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.12 million shares. There was a rise of 31.59%, which implies that there is a positive sentiment for the stock.
