Lockheed Martin Corporation (LMT) has been experiencing fairly turbulent market activity, leading to a
2.8% decrease in stock prices. Amidst these changes, the
aircraft manufacturer announced a transition in their Chief Financial Officer, appointing
Evan Scott. A variety of asset management companies are adjusting their stakes; while
Canada Pension Plan Investment Board and
Lafayette Investments Inc. reduced their holdings, others like
Savvy Advisors Inc. and
Frederick Financial Consultants LLC increased theirs. The company’s stock has repeatedly risen and dipped, leading some to speculate if it's the right time to buy. Lockheed Martin’s contracts have also been of note, most notable being the
$4.94 billion contract awarded by the U.S. Army for PrSM Production. An upgrade from
Morgan Stanley provided a boost to the company, however, it seems the turbulence in stock prices has not subsided. Several financial advisory firms continue to adjust their positions, either buying or selling shares in the defense contractor. The stock finished with a gain this week, despite a bearish outlook from Jim Cramer.
Lockheed Martin Corp LMT News Analytics from Thu, 09 Jan 2025 08:00:00 GMT to Sat, 19 Apr 2025 16:58:32 GMT -
Rating -5
- Innovation 1
- Information 4
- Rumor -2
