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Why Terran Orbital (LLAP) Shares Are Falling

Author: Henry Khederian | May 03, 2024 11:01am

Terran Orbital Corp (NYSE:LLAP) shares are trading lower by 15.8% to $1.09 during Friday’s session after
Lockheed Martin Corp (NYSE:LMT) withdrew its buyout proposal.

Terran Orbital meanwhile says Lockheed Martin’s partnership is highly valued, and there’s anticipation for ongoing collaboration as per the Strategic Cooperation Agreement until 2035. The company says their focus remains on surpassing customer expectations and providing advanced satellite solutions.

See Also: Job Market Cools In April: Payrolls Miss Forecasts, Wages Rise Less Than Expected

Should I Sell My LLAP Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of Terran Orbital have decreased by 36.48% in the past year. An investor who bought shares of Terran Orbital at the beginning of the year would take a loss of $0.18 per share if they sold it today. The stock has fallen 20.01% over the past month, meaning an investor who bought shares on Apr. 1 would see a capital loss of $0.11.

Terran Orbital shares have an all-time high of $11.8, representing 992.69% upside from current levels.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Terran Orbital stock currently has an RSI of 41.84, indicating neutral conditions.

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LLAP has a 52-week high of $1.95 and a 52-week low of $0.62.

Posted In: LLAP LMT

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