LMT Stock Whipsaws After Trump Bans Buybacks, Then Calls For $1.5 Trillion Military Budget - iShares U.S. Aerospace & Defense ETF (BATS:ITA), Lockheed Martin (NYSE:LMT)
Lockheed Martin(US:LMT) Benzinga·2026-01-08 07:52Shares of defense contractor Lockheed Martin Corp. (NYSE:LMT) whipsawed on Tuesday, witnessing a steep decline during the regular session, before mounting a recovery overnight, in response to a pair of social media posts by President Donald Trump, made in quick succession.LMT Stock WhipsawsLockheed Martin shares were down 4.82% on Tuesday, closing at $496.87, after Trump made a post on Truth Social criticizing America’s defense contractors. Trump took aim at the industry’s “massive” dividends and stock buyb ...