RTX Corp’s recently made public that 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 $71.02 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.
Citigroup upgraded its RTX Corp [RTX] rating to a Buy from a a Neutral in a research note published on January 21, 2025; the price target was increased to $153 from $132. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. RBC Capital Mkts also remained covering RTX and has increased its forecast on December 19, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. Deutsche Bank revised its rating on October 03, 2024. It rated RTX as “a Hold” which previously was an “a Sell”.
Price Performance Review of RTX
On Friday, RTX Corp [NYSE:RTX] saw its stock fall -0.78% to $125.31. Over the last five days, the stock has gained 4.03%. RTX Corp shares have risen nearly 8.29% since the year began. Nevertheless, the stocks have risen 39.93% over the past one year. While a 52-week high of $128.70 was reached on 01/23/25, a 52-week low of $88.70 was recorded on 01/06/25. SMA at 50 days reached $118.77, while 200 days put it at $113.70.
Levels Of Support And Resistance For RTX Stock
The 24-hour chart illustrates a support level at 124.83, which if violated will result in even more drops to 124.36. On the upside, there is a resistance level at 126.03. A further resistance level may holdings at 126.76. The Relative Strength Index (RSI) on the 14-day chart is 66.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.74%. Stochastics %K at 89.86% indicates the stock is a selling.
How much short interest is there in RTX Corp?
A steep rise in short interest was recorded in RTX Corp stocks on 2024-12-31, growing by 0.71 million shares to a total of 11.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 10.68 million shares. There was a rise of 6.27%, which implies that there is a positive sentiment for the stock.
