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. RTX Corp shares valued at $15,880,937 were sold by HAYES GREGORY on Jul 31 ’24. At $117.74 per share, HAYES GREGORY sold 134,887 shares. The insider’s holdings dropped to 566,723 shares worth approximately $67.17 million following the completion of this transaction.
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Also, Mitchill Neil G. JR sold 4,322 shares, netting a total of over 498,908 in proceeds. Following the sale of shares at $115.43 each, the insider now holds 66,470 shares.
Before that, Gregory Hayes had added 134,887 shares to its account. In a trade valued at $15,880,930, the Officer bought RTX Corp shares for $117.74 each.
As published in a research note from Deutsche Bank on October 03, 2024, RTX Corp [RTX] has been rated up from a Sell to a Hold and the price target has been revised to $129 from $109. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 30, 2024, Alembic Global Advisors has increased its “Neutral” rating to a “an Overweight” for RTX. Earlier on March 14, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for RTX stock which previously was a “an Equal weight”.
Analyzing RTX Stock Performance
During the last five days, there has been a drop of approximately -1.51%. Over the course of the year, RTX Corp shares have jumped approximately 40.86%. Shares of the company reached a 52-week high of $128.70 on 10/22/24 and a 52-week low of $83.96 on 01/02/24. A 50-day SMA is recorded $122.21, while a 200-day SMA reached $109.80. Nevertheless, trading volume fell to 3.33 million shares from 1.82 million shares the previous day.
Support And Resistance Levels for RTX Corp (RTX)
According to the 24-hour chart, there is a support level at 117.81, which, if violated, would cause prices to drop to 117.09. In the upper region, resistance lies at 119.12. The next price resistance is at 119.72. RSI (Relative Strength Index) is 43.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 71.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
