Shares of L3Harris Technologies Inc. LHX inched 0.59% higher to $217.68 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.07% to 4,167.59 and the Dow Jones Industrial Average DJIA rising 0.29% to 34,230.34. This was the stock's fifth consecutive day of gains. L3Harris Technologies Inc. hit a new 52-week high, surpassing its previous peak of $216.85, which the company reached on May 4th.
The stock underperformed when compared to some of its competitors Wednesday, as Cisco Systems Inc. CSCO rose 0.83% to $51.13, Telefon AB L.M. Ericsson ADR ERIC rose 1.71% to $13.69, and Nokia Corp. ADR NOK rose 2.13% to $4.80. Trading volume (854,956) remained 238,698 below its 50-day average volume of 1.1 M.