Why Is L3Harris Stock Falling on Thursday?

L3Harris Technologies (NYSE: LHX) stock is falling on Thursday despite beating Q2 earnings and revenue estimates and raising its full-year 2026 guidance. The stock is in a clear downtrend, trading significantly below its key moving averages, and investors are focusing on the full-year sales guidance midpoint being below Wall Street estimates. Momentum indicators suggest downside pressure might be easing, but the overall technical structure remains bearish.