Lockheed Martin Corporation (LMT) : Traders are getting increasingly bearish on Lockheed Martin Corporation (LMT), as can be seen in the addition of short positions from 13,593,595 on Jul 29, 2016, to 36,790,673 on August 15, 2016. The net change in shorts is 23,197,078 shares, an increase of 170.6%. 5 days remain before the expiry. The 12.2% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 8,043,914. The short interest information was released on Wednesday Aug 24th after the market close.
Lockheed Martin Corporation (NYSE:LMT): The stock opened at $248.76 on Wednesday but the bulls could not build on the opening and the stock topped out at $249.75 for the day. The stock traded down to $244.80 during the day, due to lack of any buying support eventually closed down at $248.12 with a loss of -0.65% for the day. The stock had closed at $249.75 on the previous day. The total traded volume was 10,559,925 shares.
In a related news, Barbour Sondra L, officer (Executive Vice President) of Lockheed Martin Corp, unloaded 66,460 shares at an average price of $255.89 on August 3, 2016. The total amount of the transaction was worth $17,006,449, 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.