Lockheed Martin Stock Plummets 7.56% in Three Days, Trading Volume Drops to 49th Rank
1min read On March 24, 2025, lockheed martin (LMT) experienced a significant decline, with its trading volume dropping by 59.22% to 13.00 billion, ranking 49th in the day's stock market activity. The stock price fell by 1.07%, marking the third consecutive day of decline, with a total decrease of 7.56% over the past three days.
Lockheed Martin's recent share price decline is attributed to the loss of the F-47 contract to boeing, presenting a potential buy-the-drop opportunity for long-term investors. This setback has put additional pressure on the company's shares, contributing to the recent downturn.
Two Wall Street analysts have downgraded their ratings for Lockheed Martin following the company's loss of the U.S. Air Force's Next Generation Air Dominance (NGAD) program to Boeing. This decision has further impacted investor sentiment and contributed to the stock's decline.
Lockheed Martin's stock has been underperforming, with a 19.24% slump over the past month. This decline was exacerbated by the announcement of the third-quarter results for fiscal 2025 on March 4, which revealed significant challenges facing the company.
