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L3Harris Technologies Inc [LHX] Insider Activity: An Update for Investors

L3Harris Technologies Inc’s filing revealed that its Officer NIEBERGALL ROSS acquired Company’s shares for reported $0.38 million on Dec 23 ’24. In the deal valued at $213.65 per share,1,764 shares were bought.

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Then, NIEBERGALL ROSS sold 1,764 shares, generating $394,466 in total proceeds. Upon selling the shares at $223.62, the President, Aerojet Rocketdyne now owns 8,576 shares.

Before that, NIEBERGALL ROSS bought 1,764 shares. L3Harris Technologies Inc shares valued at $394,466 were divested by the Officer at a price of $223.62 per share.

Argus upgraded its L3Harris Technologies Inc [LHX] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “a Buy”. Wolfe Research also remained covering LHX and has increased its forecast on October 10, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. RBC Capital Mkts revised its rating on August 14, 2024. It rated LHX as “a Sector perform” which previously was an “an Outperform”.

Price Performance Review of LHX

On Monday, L3Harris Technologies Inc [NYSE:LHX] saw its stock fall -0.24% to $213.03. Over the last five days, the stock has lost -4.06%. L3Harris Technologies Inc shares have risen nearly 1.14% since the year began. Nevertheless, the stocks have risen 2.65% over the past one year. While a 52-week high of $265.74 was reached on 11/11/24, a 52-week low of $200.18 was recorded on 04/16/24. SMA at 50 days reached $241.79, while 200 days put it at $228.23.

Levels Of Support And Resistance For LHX Stock

The 24-hour chart illustrates a support level at 211.71, which if violated will result in even more drops to 210.38. On the upside, there is a resistance level at 214.19. A further resistance level may holdings at 215.34. The Relative Strength Index (RSI) on the 14-day chart is 24.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.15%. Stochastics %K at 7.34% indicates the stock is a buying.

How much short interest is there in L3Harris Technologies Inc?

A steep rise in short interest was recorded in L3Harris Technologies Inc stocks on 2024-11-29, growing by 71086.0 shares to a total of 1.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.63 million shares. There was a rise of 4.17%, which implies that there is a positive sentiment for the stock.

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