Lockheed Martin Corporation (LMT) : Traders are bullish on Lockheed Martin Corporation (LMT) as it has outperformed the S&P 500 by a wide margin of 3.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.51%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.02% in the last 1 week, and is up 8.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.54% and the 50-Day Moving Average is 6.25%.
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 $257.11 and $256.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $257.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $256.98, notching a gain of 0.38% for the day. The total traded volume was 3,460,736 . The stock had closed at $256.00 on the previous day.
The company Insiders own 0.42% of Lockheed Martin Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -30.52% . Institutional Investors own 87.91% of Lockheed Martin Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -51.77%. In a related news, The Securities and Exchange Commission has divulged that Lavan Maryanne, officer (SVP & General Counsel) of Lockheed Martin Corp, had unloaded 21,720 shares at an average price of $233.17 in a transaction dated on April 28, 2016. The total value of the transaction was worth $5,064,452.
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.