Large Inflow of Money Witnessed in Raytheon Company

Raytheon Company (RTN) : On Thursday, The money flowed into the Raytheon Company (RTN) stock with an uptick to downtick ratio was recorded at 1.12. Transactions worth $17 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $15.18 million. The total money flow into the stock was $1.81 million. The block trades reveal a bullish bias with an up-down ratio of 2.18. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $4.82 million of block transactions on upticks. The value of block trades on downticks was $2.21 million, indicating lower selling interest. The total money flow in block trades was $2.61 million. In terms of price action, Raytheon Company (RTN) traded down $0.4 during the session at $137.65. Compared to the previous days closing, the stock was down only by -0.29%. For the week, the stock is 2.1%, over previous weeks closing.


Raytheon Company (RTN) : 12 Wall Street analysts covering Raytheon Company (RTN) believe that the average level the stock could reach for the short term is $141. The maximum price target given is $153 and the minimum target for short term is around $118, hence the standard deviation is calculated at $10.33. The stock has recorded a 20-day Moving Average of 1.53% and the 50-Day Moving Average is 4.13%.

Raytheon Company (NYSE:RTN): The stock opened at $137.95 on Thursday but the bulls could not build on the opening and the stock topped out at $137.98 for the day. The stock traded down to $136.70 during the day, due to lack of any buying support eventually closed down at $136.94 with a loss of -0.80% for the day. The stock had closed at $138.05 on the previous day. The total traded volume was 1,453,192 shares.

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.

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