Raytheon Company (NYSE:RTN) has been under a strong bear grip, hence the stock is down -0.27% 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 1.42% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.72% in the last 1 week, and is up 1.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 37.79% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $138.67 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $134.08 and the 200 Day Moving Average price is recorded at $127.13.
The stock has recorded a 20-day Moving Average of 2.62% and the 50-Day Moving Average is 5.16%.
Raytheon Company (NYSE:RTN): stock turned positive on Friday. Though the stock opened at $137.58, the bulls momentum made the stock top out at $138.67 level for the day. The stock recorded a low of $136.64 and closed the trading day at $138.49, in the green by 1.13%. The total traded volume for the day was 1,371,359. The stock had closed at $136.94 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Wood Michael J, officer (VP, Controller & CAO) of Raytheon Co/, had unloaded 2,582 shares at an average price of $133.35 in a transaction dated on June 6, 2016. The total value of the transaction was worth $344,310.
Raytheon Company, together with its subsidiaries, is a technology Company that specializes in defense and other Government markets. The Company develops products, services and solutions in markets: sensing; effects; command, control, communications and intelligence (C3I); and mission support, as well as cyber and information security. The Company operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information and Services; Missile Systems, and Space and Airborne Systems. The Company serves both domestic and international customers, as both a prime contractor and subcontractor on a portfolio of defense and related programs primarily for Government customers. The Companys products include Global Integrated Sensors, Integrated Air & Missile Defense, Cybersecurity and Special Missions, Global Training Solutions, Land Warfare Systems, Advanced Missile Systems, Tactical Airborne Systems, Advanced Missile Systems and Electronic Warfare Systems.