Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lockheed Martin Corp shares valued at $1,775,771 were sold by Hill Stephanie C. on Aug 01 ’24. At $542.72 per share, Hill Stephanie C. sold 3,272 shares. The insider’s holdings dropped to 9,332 shares worth approximately $4.91 million following the completion of this transaction.
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Also, STEPHANIE C HILL TODNAMED BENE purchased 3,272 shares, netting a total of over 1,775,771 in proceeds.
Before that, Cahill Timothy S had sold 3,975 shares from its account. In a trade valued at $2,048,563, the Pres. Missiles & Fire Control traded Lockheed Martin Corp shares for $515.36 each. Upon closing the transaction, the insider’s holdings decreased to 3,975 shares, worth approximately $4.67 million.
As published in a research note from Melius on September 03, 2024, Lockheed Martin Corp [LMT] has been rated up from a Hold to a Buy and the price target has been revised to $704. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in early August. As of July 31, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for LMT. Earlier on July 26, 2024, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for LMT stock which previously was a “a Hold”.
Analyzing LMT Stock Performance
During the last five days, there has been a drop of approximately -1.68%. Over the course of the year, Lockheed Martin Corp shares have jumped approximately 16.00%. Shares of the company reached a 52-week high of $618.95 on 10/21/24 and a 52-week low of $413.92 on 02/14/24. A 50-day SMA is recorded $570.32, while a 200-day SMA reached $504.19. Nevertheless, trading volume fell to 0.89 million shares from 1.35 million shares the previous day.
Support And Resistance Levels for Lockheed Martin Corp (LMT)
According to the 24-hour chart, there is a support level at 522.62, which, if violated, would cause prices to drop to 519.48. In the upper region, resistance lies at 529.44. The next price resistance is at 533.12. RSI (Relative Strength Index) is 34.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -18.75, which suggests the price will decrease in the coming days. Percent R is at 82.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
