The trading activity surrounding
L3Harris Technologies (LHX) shares shows significant movement with various entities increasing, reducing, and initiating positions in the company. The company's
stock performance has been strong, outpacing its competitors on multiple occasions. The company has reports of a major non-core asset sale for $200M and plans to cut 5% of its workforce to reduce costs. The
financial performance of L3Harris Technologies remains a topic of debate. While it reported strong fiscal year 2023 results and Q1 2024 results, the company's use of debt and weak financial metrics has been criticized. The company raised its 2024
profitability guidance post the Q1 2024 report.
Insiders have reportedly been selling shares totaling $3.0M, suggesting caution. Investment in the firm five years ago would have yielded a 43% gain, and an increase in its quarterly dividend has been announced. The company also completed a collaboration with Accenture aimed at accelerating technology reinvention for growth. Market sentiment appears mixed, perhaps driven by the company's strong earnings yet concerning financials.
L3harris Technologies LHX News Analytics from Mon, 09 Oct 2023 07:00:00 GMT to Fri, 21 Jun 2024 15:36:38 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 2
