Lockheed Martin Corporation (LMT) : $129.09 million worth of transactions were on upticks in Lockheed Martin Corporation (LMT), compared to $121.21 million on downticks. The ratio between the two was 1.07, whereas, the net money flow stood at a healthy $7.88 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $6.3million worth of trades. The total money flow into the stock stood at $6.3 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.85%. The stock was trading at $256.77, with a drop of $2.19 over the previous days close. The stock recorded -0.08% for the week.
Also, Equity Analysts at the Brokerage Firm, Berenberg, downgrades their rating on the shares of Lockheed Martin Corporation (NYSE:LMT). Berenberg has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 31, 2016.
Lockheed Martin Corporation (NYSE:LMT): The stock opened at $259.32 on Wednesday but the bulls could not build on the opening and the stock topped out at $259.82 for the day. The stock traded down to $255.89 during the day, due to lack of any buying support eventually closed down at $256.67 with a loss of -0.88% for the day. The stock had closed at $258.96 on the previous day. The total traded volume was 3,362,076 shares.
The stock has recorded a 20-day Moving Average of 3.23% and the 50-Day Moving Average is 5.57%. 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.