Lockheed Martin Corporation (LMT) has risen sharply, recording gains of 1.36% in the past 4 weeks. However, the stock has corrected -1.78% in the past 1 week, providing a good buying opportunity on dips. Lockheed Martin Corporation (LMT) : During the past 4 weeks, traders have been relatively bearish on Lockheed Martin Corporation (LMT), hence the stock is down -1.94% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.72% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.48% and the 50-Day Moving Average is 3.1%. Lockheed Martin Corporation is up 9.51% in the last 3-month period. Year-to-Date the stock performance stands at 18.07%.
Lockheed Martin Corporation (NYSE:LMT): On Fridays trading session , Opening price of the stock was $254.5 with an intraday high of $254.81. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $252.7. However, the stock managed to close at $252.73, a loss of 0.71% for the day. On the previous day, the stock had closed at $254.55. The total traded volume of the day was 2,178,251 shares.
Also, In the latest statement by the brokerage house, Berenberg downgrades its outlook on Lockheed Martin Corporation (NYSE:LMT). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 31, 2016.
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.