Is Lockheed Martin Corporation (LMT) Stock About to Get Hot Tuesday?

The market has been high on Lockheed Martin Corporation (LMT) stock recently. LMT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Lockheed Martin Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LMT!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With LMT Stock Today?

Lockheed Martin Corporation (LMT) stock is trading at $413.19 as of 3:06 PM on Tuesday, Jul 5, a drop of -$20.33, or -4.69% from the previous closing price of $433.52. The stock has traded between $407.21 and $425.77 so far today. Volume today is 1,236,891 compared to average volume of 1,319,654. To screen for more stocks like Lockheed Martin Corporation click here.

More About Lockheed Martin Corporation

Lockheed Martin is the largest defense contractor globally and has dominated the Western market for high-end fighter aircraft since the F-35 program was awarded in 2001. Lockheed's largest segment is aeronautics, which is dominated by the massive F-35 program. Lockheed's remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture. Click Here to get the full Stock Report for Lockheed Martin Corporation stock.