Lockheed Martin stock plummets

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Source: Dukascopy Bank SA


During the first hour of Tuesday's US trading hours, the stock price for Lockheed Martin Corporation plummeted -10.90% and reached the September low level at $335.00.

The drop was caused by the company decreasing its revenue forecast for 2021 by 2.5%. In addition, Lockheed stated that the next year's revenue could drop by $66 billion.

The reason for the decrease was the fact that Covid-19 pandemic had impacted the company's logistics.
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