On a relative basis, the stock has outperformed the S&P 500 by 3.04% 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 1.02% in the last 1 week, and is up 4.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 27.30% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $252.30 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $241.39 and the 200 Day Moving Average price is recorded at $226.23.
The stock has recorded a 20-day Moving Average of 4.05% and the 50-Day Moving Average is 5.14%.
Lockheed Martin Corporation (NYSE:LMT): stock turned positive on Friday. Though the stock opened at $250.78, the bulls momentum made the stock top out at $252.295 level for the day. The stock recorded a low of $248.5 and closed the trading day at $251.9, in the green by 0.85%. The total traded volume for the day was 1,082,839. The stock had closed at $249.77 in the previous days trading.
In an insider trading activity, Lavan Maryanne, officer (SVP & General Counsel) of Lockheed Martin Corp, unloaded 21,720 shares at an average price of $233.17 on April 28, 2016. The total amount of the transaction was worth $5,064,452, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.