L3Harris Technologies Trading Volume Plummets 41.46 Percent to 222nd Position

On June 16, 2025, L3Harris Technologies (LHX) experienced a significant decline in its trading volume, with a total of $457 million in shares traded, marking a 41.46% decrease from the previous day. This drop placed L3Harris at the 222nd position in terms of trading volume for the day. The stock price of L3Harris also decreased by 3.59%.

L3Harris Technologies recently received a $29 million payment from the Department of Defense, specifically from the Department of the Air Force. This payment, made on March 14, 2025, was for a contract related to the BIG SAFARI project. This contract is part of a larger trend of significant government awards to L3Harris, with over $5.85 billion in award payments received in the past year. Some of the notable awards include funding for FTI telecommunications services, production of RS-25 engines, and enhanced night vision goggle systems.

In addition to government contracts, L3Harris has seen notable trading activity by members of Congress. Over the past six months, there have been six trades involving L3Harris stock by members of Congress, with an equal number of purchases and sales. Representative Gilbert Ray Cisneros Jr. and Senator Markwayne Mullin have been among the active traders, with purchases totaling up to $100,000. Representative Julie Johnson and Representative Greg Landsman have also engaged in trading activities, with sales totaling up to $30,000.

Insider trading activity at L3Harris has been predominantly on the sell side, with nine sales and no purchases in the past six months. Key executives, including Christopher E. Kubasik, Edward J. Zoiss, Ross Niebergall, and Jon Rameau, have sold shares worth millions of dollars. This trend suggests a cautious outlook from insiders regarding the company's future performance.

Institutional investors have shown mixed sentiment towards L3Harris. While 643 institutional investors added shares to their portfolios, 725 decreased their positions in the most recent quarter. Notable moves include Janus Henderson Group PLC reducing its holdings by 79.8% and Caisse de Depot et Placement du Quebec increasing its holdings by 946.6%. This divergence in institutional activity reflects a varied outlook on the company's prospects.