Lockheed Martin Corp. Stock Falls Thursday, Underperforms Market
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Shares of Lockheed Martin Corp. (LMT) sank 0.01% to $473.24 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. This was the stock's second consecutive day of losses. Lockheed Martin Corp. closed $25.71 below its 52-week high ($498.95), which the company achieved on December 2nd.
The stock underperformed when compared to some of its competitors Thursday, as Raytheon Technologies Corp. (RTX) rose 2.35% to $98.08, Boeing Co. (BA) rose 2.51% to $203.19, and Northrop Grumman Corp. (NOC) rose 0.28% to $450.15. Trading volume (1.6 M) eclipsed its 50-day average volume of 1.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 17:07 ET (21:07 GMT)
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