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

Cyberark Software Ltd

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Information Technology : Software | Small Cap Growth
Based in Israel

Company profile

CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company's software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company's Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager. The Company's products provide protection against external and internal cyber threats and enables detection and neutralization of attacks. The Company's Enterprise Password Vault provides customers with a tool to manage and protect all privileged accounts across an entire organization, including physical, virtual or cloud-based assets.

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

5:07 pm ET March 2, 2023 (MarketWatch) Print

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

Shares of Lockheed Martin Corp. (LMT) inched 0.84% higher to $478.31 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.76% to 3,981.35 and the Dow Jones Industrial Average rising 1.05% to 33,003.57. This was the stock's second consecutive day of gains. Lockheed Martin Corp. closed $20.64 below its 52-week high ($498.95), which the company reached on December 2nd.

The stock underperformed when compared to some of its competitors Thursday, as Raytheon Technologies Corp. (RTX) rose 0.98% to $99.00, Boeing Co. (BA) rose 2.69% to $210.06, and Northrop Grumman Corp. (NOC) rose 1.24% to $468.27. Trading volume (835,508) remained 555,787 below its 50-day average volume of 1.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 2, 2023.

(END) Dow Jones Newswires

March 02, 2023 17:07 ET (22:07 GMT)