Lockheed Martin stock nosedives wiping out $30 billion in 60 days
Lockheed Martin(LMT) Finbold·2024-12-19 21:30
As the largest defense contractor in the United States, Lockheed Martin (NYSE: LMT) is generally held to be ‘evergreen’ — a reliable investment that is almost always reliable and occasionally yields great returns.That has certainly been the case throughout most of 2024 — but in the last two months, one of the military-industrial complex’s most trusty workhorses has seen a dramatic decrease in market capitalization. On October 20, LMT stock reached its all-time high (ATH) of $614.61 — by press time, the pric ...