Lockheed Martin Corp. Stock Falls Wednesday, Still Outperforms Market
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Shares of Lockheed Martin Corp. (LMT) slid 1.81% to $485.18 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. The stock's fall snapped a two-day winning streak. Lockheed Martin Corp. closed $9.48 short of its 52-week high ($494.66), which the company achieved on November 8th.
The stock underperformed when compared to some of its competitors Wednesday, as Boeing Co. (BA) fell 0.52% to $168.74, Northrop Grumman Corp. (NOC) fell 1.44% to $533.14, and General Dynamics Corp. (GD) fell 1.20% to $249.52. Trading volume (1.4 M) eclipsed its 50-day average volume of 1.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 17:06 ET (22:06 GMT)
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