Lockheed Martin (LMT) Catches Eye: Stock Jumps 5.7%
Lockheed Martin Corporation LMT was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $293.95 to $315.26 in the past one-month time frame.
The move came after the company reported better-than-expected first-quarter 2019 results.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Lockheed Martin currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Lockheed Martin Corporation Price
Lockheed Martin Corporation Price | Lockheed Martin Corporation Quote
Investors interested in the Aerospace sector may consider a better-ranked stock like Raytheon Company RTN, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is LMT going up? Or down? Predict to see what others think:Up or Down
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