Watch for Continued Gains in Shares of L3Harris Technologies Inc. (LHX)

February 28, 2022 10:31:58

Shares of L3Harris Technologies Inc. (NYSE:LHX) traded today at $247.16, eclipsing its 52-week high. So far today approximately 654,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

L3Harris Technologies was created in 2019 from the merger of L3 Technologies and Harris, two defense contractors that provide products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) market. The firm also has smaller operations serving the civil government, particularly the Federal Aviation Administration’s communication infrastructure, and produces various avionics for defense and commercial aviation.

In the past 52 weeks, shares of L3Harris Technologies Inc. have traded between a low of $181.60 and a high of $247.16 and is now at $243.04, which is 34% above that low price.

L3Harris Technologies Inc. (NYSE:LHX) defies analysts with a current price ($243.04) 4.0% above its average consensus price target of $233.22.

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