Harris Corporation (HRS) Shares are Up 0.8%

Harris Corporation (HRS) has been under a strong bear grip, hence the stock is down -1.69% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.64% in the past 1 week. The stock has risen by 0.8% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.22% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.59% and the 50-Day Moving Average is 2.17%.The 200 Day SMA reached 11.77%


Harris Corporation (NYSE:HRS): After opening at $91.02, the stock dipped to an intraday low of $90.38 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $91.93 and the buying power remained strong till the end. The stock closed at $91.61 for the day, a gain of 1.10% for the day session. The total traded volume was 701,246. The stocks close on the previous trading day was $91.61.

Harris Corporation (HRS) : 5 investment research analysts covering Harris Corporation (HRS) have an average price target of $97.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $108 and the lowest target is $85 for the short term. Analysts expect the variance to be within $8.73 of the average price.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3, 2015, the Company operated through four business segments: RF Communications, Government Communications Systems, Integrated Network Solutions and Exelis. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications, and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil, national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services, and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems.

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