Lockheed Martin Corp. Stock Falls Friday, Underperforms Market
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Shares of Lockheed Martin Corp. (LMT) slid 2.58% to $449.83 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.40% to 3,999.09 and the Dow Jones Industrial Average rising 0.33% to 34,302.61. This was the stock's second consecutive day of losses. Lockheed Martin Corp. closed $49.12 short of its 52-week high ($498.95), which the company reached on December 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Raytheon Technologies Corp. (RTX) fell 1.99% to $98.68, Boeing Co. (BA) fell 0.09% to $214.13, and Northrop Grumman Corp. (NOC) fell 5.44% to $461.43. Trading volume (2.2 M) eclipsed its 50-day average volume of 1.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 13, 2023.
(END) Dow Jones Newswires
January 13, 2023 17:07 ET (22:07 GMT)
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