L3Harris Technologies Inc’s recent filing unveils that its President, Aerojet Rocketdyne NIEBERGALL ROSS unloaded Company’s shares for reported $0.29 million on Dec 30 ’24. In the deal valued at $210.06 per share,1,373 shares were sold. As a result of this transaction, NIEBERGALL ROSS now holds 5,049 shares worth roughly $1.04 million.
Then, NIEBERGALL ROSS bought 1,373 shares, generating $288,412 in total proceeds.
Before that, NIEBERGALL ROSS sold 1,764 shares. L3Harris Technologies Inc shares valued at $376,879 were divested by the President, Aerojet Rocketdyne at a price of $213.65 per share. As a result of the transaction, NIEBERGALL ROSS now holds 6,812 shares, worth roughly $1.41 million.
Bernstein upgraded its L3Harris Technologies Inc [LHX] rating to an Outperform from a a Mkt perform in a research note published on January 08, 2025; the price target was decreased to $267 from $289. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Mkt perform”. Argus also remained covering LHX and has increased its forecast on November 26, 2024 with a “Buy” recommendation from previously “Hold” rating. BofA Securities revised its rating on October 31, 2024. It rated LHX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of LHX
On Tuesday, L3Harris Technologies Inc [NYSE:LHX] saw its stock fall -0.81% to $206.75. Over the last five days, the stock has lost -1.88%. L3Harris Technologies Inc shares have fallen nearly -1.68% since the year began. Nevertheless, the stocks have fallen -1.22% over the past one year. While a 52-week high of $265.74 was reached on 01/21/25, a 52-week low of $200.18 was recorded on 01/07/25. SMA at 50 days reached $218.14, while 200 days put it at $228.81.
Levels Of Support And Resistance For LHX Stock
The 24-hour chart illustrates a support level at 205.53, which if violated will result in even more drops to 204.30. On the upside, there is a resistance level at 208.62. A further resistance level may holdings at 210.48. The Relative Strength Index (RSI) on the 14-day chart is 37.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.61%. Stochastics %K at 16.09% 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 2025-01-15, growing by 11644.0 shares to a total of 1.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.92 million shares. There was a rise of 0.6%, which implies that there is a positive sentiment for the stock.
