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Why Lockheed Martin Stock Plunged Today

TheMotleyFool

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Why Lockheed Martin Stock Plunged TodayPhoto, wide shot, wide-angle lens, Investment company, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/81ff9992-3b90-4de2-ac95-7385f4698b55.png

Shares of defense contracting pure play Lockheed Martin (NYSE: LMT) -- which got quite a lift on Tuesday after Germany announced plans to triple its 2022 defense budget, and Wolfe Research upgraded LockMart stock in response -- is giving back its gains on Wednesday.

As of 10 a.m. ET, Lockheed Martin stock is down 4.4%.

Image source: Getty Images.

Source Fool.com

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