Textron (TXT) has been under a strong bear grip, hence the stock is down -2.81% 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 0.59% in the past 1 week. The stock has risen by 0.76% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.33% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 0.14%.The 200 Day SMA reached 5.24%
Textron (NYSE:TXT): After opening at $39.73, the stock dipped to an intraday low of $39.56 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $39.9 and the buying power remained strong till the end. The stock closed at $39.75 for the day, a gain of 0.63% for the day session. The total traded volume was 1,282,046. The stocks close on the previous trading day was $39.75.
Textron (TXT) : The most positive equity analysts on Textron (TXT) expects the shares to touch $51, whereas, the least positive believes that the stock will trade at $38 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $46.33 with an expected fluctuation of $5.28 from the mean.
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.