Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. L3Harris Technologies Inc shares valued at $288,412 were sold by NIEBERGALL ROSS on Dec 30 ’24. At $210.06 per share, NIEBERGALL ROSS sold 1,373 shares. The insider’s holdings dropped to 5,049 shares worth approximately $1.05 million following the completion of this transaction.
Also, NIEBERGALL ROSS purchased 1,373 shares, netting a total of over 288,412 in proceeds.
Before that, NIEBERGALL ROSS had sold 1,764 shares from its account. In a trade valued at $376,879, the President, Aerojet Rocketdyne traded L3Harris Technologies Inc shares for $213.65 each. Upon closing the transaction, the insider’s holdings decreased to 1,764 shares, worth approximately $1.41 million.
As published in a research note from Raymond James on January 02, 2025, L3Harris Technologies Inc [LHX] has been rated down from an Outperform to a Mkt perform. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late November. As of October 31, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for LHX. Earlier on October 10, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for LHX stock which previously was a “a Peer perform”.
Analyzing LHX Stock Performance
During the last five days, there has been a drop of approximately -2.79%. Over the course of the year, L3Harris Technologies Inc shares have dropped approximately -1.39%. Shares of the company reached a 52-week high of $210.78 on 01/02/25 and a 52-week low of $207.18 on 01/02/25. A 50-day SMA is recorded $237.37, while a 200-day SMA reached $228.16. Nevertheless, trading volume fell to 0.97 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for L3Harris Technologies Inc (LHX)
According to the 24-hour chart, there is a support level at 206.10, which, if violated, would cause prices to drop to 204.84. In the upper region, resistance lies at 209.70. The next price resistance is at 212.04. RSI (Relative Strength Index) is 23.24 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.75, which suggests the price will decrease in the coming days. Percent R is at 99.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
