Lockheed Martin Corp. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains

RPC Inc

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Company profile

RPC, Inc. is a holding company of Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. The Company provides a range of oilfield services and equipment primarily to independent and oilfield companies, which is engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. It has two segments. Technical Services segment includes its oil and gas services, which utilizes people and equipment to perform value-added completion, production and maintenance services directly to a customer well. Support Services segment includes all of the services, which provides equipment offered off the well site without it personnel and services, which are provided in support of customer operations off the well site such as classroom and computer training, and other consulting services.

Lockheed Martin Corp. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains

5:06 pm ET November 3, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Lockheed Martin Corp. (LMT) inched 0.57% higher to $484.82 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.06% to 3,719.89 and Dow Jones Industrial Average falling 0.46% to 32,001.25. The stock's rise snapped a two-day losing streak. Lockheed Martin Corp. closed $6.34 below its 52-week high ($491.16), which the company achieved on November 1st.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Boeing Co. (BA) rose 6.34% to $156.75, Northrop Grumman Corp. (NOC) fell 0.90% to $525.51, and General Dynamics Corp. (GD) rose 1.04% to $248.94. Trading volume (1.3 M) remained 49,594 below its 50-day average volume of 1.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 3, 2022.

(END) Dow Jones Newswires

November 03, 2022 17:06 ET (21:06 GMT)