Rep. Richard McCormick Sells L3Harris Stock Amid 4.7% Price Drop
Representative Richard McCormick (Republican-Georgia) recently sold shares of L3Harris Technologies Inc, a defense contractor.
The Representative disclosed that he had sold between $1,001 and $15,000 in L3Harris stock on July 30th. This sale occurred in his 'GROWTH PARTNERS ROTH IRA' account.
L3Harris Technologies has been experiencing a sell-off, with its stock price down 4.7% since opening at $278.05 on Tuesday. The company's record backlog may have contributed to this decline, but analysts argue that the stock's price drop may be overdone given its strong earnings report and guidance for FY 2026.
The Representative also made similar sales of other stocks, including Medtronic, NextEra Energy, PepsiCo, and McDonald's, on July 30th. It is worth noting that these transactions were made in a personal investment account and do not reflect the Representative's views on the companies or their stock performance.