In a filing, RTX Corp revealed its Executive Chairman HAYES GREGORY unloaded Company’s shares for reported $15.88 million on Jul 31 ’24. In the deal valued at $117.74 per share,134,887 shares were sold. As a result of this transaction, HAYES GREGORY now holds 566,723 shares worth roughly $66.73 million.
Then, Mitchill Neil G. JR sold 4,322 shares, generating $498,908 in total proceeds. Upon selling the shares at $115.43, the EVP, Chief Financial Officer now owns 66,470 shares.
Before that, Gregory Hayes bought 134,887 shares. RTX Corp shares valued at $15,880,930 were divested by the Officer at a price of $117.74 per share.
Deutsche Bank upgraded its RTX Corp [RTX] rating to a Buy from a a Hold in a research note published on January 02, 2025; the price target was increased to $140 from $131. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid December from “a Sector perform” to “an Outperform”. Deutsche Bank also remained covering RTX and has increased its forecast on October 03, 2024 with a “Hold” recommendation from previously “Sell” rating. BofA Securities revised its rating on July 31, 2024. It rated RTX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of RTX
On Monday, RTX Corp [NYSE:RTX] saw its stock jump 2.28% to $117.74. Over the last five days, the stock has gained 1.61%. RTX Corp shares have risen nearly 1.75% since the year began. Nevertheless, the stocks have risen 36.78% over the past one year. While a 52-week high of $128.70 was reached on 01/13/25, a 52-week low of $84.43 was recorded on 01/06/25. SMA at 50 days reached $118.40, while 200 days put it at $112.75.
Levels Of Support And Resistance For RTX Stock
The 24-hour chart illustrates a support level at 115.57, which if violated will result in even more drops to 113.40. On the upside, there is a resistance level at 118.92. A further resistance level may holdings at 120.10. The Relative Strength Index (RSI) on the 14-day chart is 53.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.52%. Stochastics %K at 62.42% indicates the stock is a holding.
How much short interest is there in RTX Corp?
A steep rise in short interest was recorded in RTX Corp stocks on 2024-12-13, dropping by -2.92 million shares to a total of 11.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 14.65 million shares. There was a decline of -24.88%, which implies that there is a negative sentiment for the stock.
