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LMT chart

Dark Pool Trading In This Industrial Goods Company

Dark Pool trading was detected today in this well-known company. To review, dark pools are private exchanges that are not accessible by retail investors. Dark pools came about primarily to facilitate block trading by institutional investors, who did not wish to impact the markets with their large orders and obtain adverse prices for their trades.

Two large block orders came off the dark pool today for Lockheed Martin (LMT). The two trades were reported after market close today. One block order trade was for 100,071 shares while the other was for 46,000 shares. We don’t know if these were buy or sell orders. We do know that at 15:15, a 503,502 block order occurred at $304.87. It looks like a sell order.

LMT chart

Notice that immediately after the huge 503,502 block order at $304.87, LMT turned lower and trended downward for the rest of the day. Therefore, $305 is likely a significant level with an institutional investor. Keep an eye on $305. If LMT can break back above this important pivot level, it could really surge higher.

Lockheed Martin (LMT) received a $6.9 million award from the U.S. Army Natick Soldier Research, Development and Engineering Center (NSRDEC) to enhance the ONYX™ exoskeleton for future soldier demonstrations. ONYX is a powered, lower-body exoskeleton with artificial intelligence (AI) technology that augments human strength and endurance.

NASA has chosen Lockheed Martin to be part of a $2.6 billion program aimed at spurring commercial missions to the moon over the next decade.

NASA has selected Lockheed Martin’s McCandless Lunar Lander to provide payload delivery services as part of the agency’s Commercial Lunar Payload Services (CLPS) contract.

Lockheed Martin’s lander design builds on four decades of experience engineering deep space missions, including Mars landers. The McCandless Lunar Lander is based on the proven design of the InSight lander – which just touched down on the Martian surface on Monday, Nov. 26 – and the Phoenix lander – which successfully arrived at Mars in May 2008.

“We are excited to leverage our interplanetary lander designs and experience to help NASA build a new economy on and around the Moon, and beyond,” said Lisa Callahan, vice president and general manager for Commercial Civil Space at Lockheed Martin. “Lockheed Martin has built more interplanetary spacecraft than all other U.S. companies combined, including four successful Mars landers. With our expertise on Orion and the NextSTEP lunar habitat, we can maximize the value of CLPS for lunar science operations as well as the path forward to tomorrow’s reusable human lander.”

Quarterly revenue growth for LMT is up 16% YoY.

LMT trades at a P/E of 17.56 and a Forward P/E of 15.4.

LMT daily chart

The daily chart looks interesting but sell-side volume is still outpacing buy-side volume in this very weak market. Nevertheless, I think LMT is a stock to put on your watchlist.

Lockheed Martin In The News

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