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Updated · MarketWatch · Apr 30Lockheed Martin stock rises 1.60%, ending 12-day losing streak
13 articles · Updated · MarketWatch · Apr 30
- The shares closed at $517.97 on Thursday as the S&P 500 gained 1.02% to 7,209.01 and the Dow rose 1.62% to 49,652.14.
- Despite the rebound, Lockheed Martin underperformed some aerospace and defence peers, with RTX up 1.90%, Boeing 2.20% and Northrop Grumman 1.24%.
- The stock remains 25.15% below its 52-week high of $692.00, reached on 2 March, showing the latest gain has only partly reversed its recent slide.
Lockheed's stock broke its losing streak, but do its operational woes signal deeper trouble? Can a record defense budget fix Lockheed Martin's deep-seated production and cash flow issues?