LHX

+3.1%🔴 Potential overreaction

L3Harris Technologies, Inc. · Technology

$247.99Vol 3.37M · 2.1× normalMkt cap +$1.39Bafter · 2026-10-16 ET

What happened

Move

+3.1%

Price

$247.99

Volume

3.37M

2.1× normal

Market cap

$46.18B

+$1.39B today

Why it moved

No clear catalyst identified

No reliable news, earnings or analyst driver was found for this move. A move this size without an obvious driver is most likely flow/positioning-driven rather than a fundamentals story.

Additional context: Anduril's surging valuation boosted sector sentiment, helping defense stocks rebound.

Verdict — was the move justified?

🔴 Potential overreaction

A 3.1σ move well beyond the sector with no identified fundamental or news driver — the reaction appears larger than currently visible evidence justifies. Likely flow/positioning-driven.

How unusual is this move

σ score

3.1σ

vs own 20d volatility

Percentile

95th

of 1280 daily moves

Avg daily move

±1.1%

own 5y average

vs sector

+6.2%

beyond sector median

Today’s move is among the largest 5% of LHX’s daily moves over the last 5 years — while the sector moved -3.1% and the market -0.3%.

What happened after similar moves

87 similar up moves in LHX’s 5-year history:

After 5 days

-0.6%

46% higher

After 20 days

-1.3%

44% higher

Median of same-direction moves within ±35% magnitude band. Past patterns don’t predict outcomes — context, not signal.

Fundamental context

V 82G 32P 42H 52Q 87EW 29/65

Valuation context

P/E (TTM)

24.7

5y median 34.7

P/E percentile

11%

vs own 5y history

FCF yield

0.1%

Trading cheaper than 89% of its own historical valuation range.

Full fundamental analysis on PreMarketPrice

Pillar scores, financial statements, valuation history, news & more for LHX

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