On a relative basis, the stock has outperformed the S&P 500 by 0.55% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.13% in the last 1 week, and is up 7.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Lockheed Martin Corporation (NYSE:LMT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $254.60 and $253.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $257.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $257.31, notching a gain of 1.25% for the day. The total traded volume was 1,864,603 . The stock had closed at $254.14 on the previous day.
The stock has recorded a 20-day Moving Average of 2.78% and the 50-Day Moving Average is 5.58%. Lockheed Martin Corporation is up 14.22% in the last 3-month period. Year-to-Date the stock performance stands at 20.21%.
Lockheed Martin Corporation is a global security and aerospace company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Company operates in five segments: Aeronautics, Information Systems & Global Solutions (IS&GS), Missiles and Fire Control (MFC), Mission Systems and Training (MST) and Space Systems. The Company provides a range of management, engineering, technical, scientific, logistics and information services. The Companys areas of focus are in defense, space, intelligence, homeland security and information technology, including cyber security. It serves both the United States and international customers with products and services that have defense, civil and commercial applications.