Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $66.21 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 RBC Capital Mkts on December 19, 2024, RTX Corp [RTX] has been rated up from a Sector perform to an Outperform and the price target has been revised to $140 from $130. Analysts at Deutsche Bank upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in early October. As of July 31, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for RTX. Earlier on July 30, 2024, Alembic Global Advisors upgraded its rating. Their new recommendation was “an Overweight” for RTX stock which previously was a “a Neutral”.
Analyzing RTX Stock Performance
During the last five days, there has been a drop of approximately -0.43%. Over the course of the year, RTX Corp shares have jumped approximately 38.96%. 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 $120.52, while a 200-day SMA reached $111.53. Nevertheless, trading volume fell to 1.66 million shares from 3.47 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 116.15, which, if violated, would cause prices to drop to 115.48. In the upper region, resistance lies at 117.23. The next price resistance is at 117.64. RSI (Relative Strength Index) is 45.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 45.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
