Textron (NYSE:TXT) has been under a strong bear grip, hence the stock is down -6.06% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.39% in the past 1 week. The stock has risen by 1.68% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.54% in the past 4 weeks.
The company shares have dropped -16.41% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $44.98 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $37.72 and the 200 Day Moving Average price is recorded at $36.89.
The stock has recorded a 20-day Moving Average of 0.32% and the 50-Day Moving Average is 2.5%.
Textron (NYSE:TXT): stock turned positive on Friday. Though the stock opened at $36.37, the bulls momentum made the stock top out at $37 level for the day. The stock recorded a low of $36.33 and closed the trading day at $36.99, in the green by 3.58%. The total traded volume for the day was 1,971,267. The stock had closed at $35.71 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive VP, Human Resources) of Textron Inc, Johnson Cheryl H had sold 2,121 shares worth of $89,867 in a transaction dated November 2, 2015. In this transaction, 2,121 shares were sold at $42.37 per share.
Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Textron Aviation manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, simulation, training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.