Large Outflow of Money Witnessed in Raytheon Company

Raytheon Company (RTN) : The value of composite uptick trades was $7.7 million, whereas, the value of composite downtick trades was $13.07 million. The uptick to downtick ratio stood at 0.59 with a negative money flow of ($5.37) Million during Mondays trading session. The block trades money flow was negative ($3.11 million).The uptick to the downtick ratio of 0.63 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $5.35 million. The transaction of the trades on downticks amounted to $8.46 million, which confirms investors selling on the strength of price. Raytheon Company (RTN) gained 2 cents at $138.69, an increase of 0.01% over the previous days close.


Raytheon Company is up 9.82% in the last 3-month period. Year-to-Date the stock performance stands at 12.7%. Raytheon Company has dropped 0.85% in the last five trading days, however, the shares have posted positive gains of 1.9% in the last 4 weeks. In a related news,The officer (VP, Controller & CAO) of Raytheon Co/, Wood Michael J sold 2,582 shares at $133.35 on June 6, 2016. The Insider selling transaction had a total value worth of $344,310. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Raytheon Company (NYSE:RTN): On Mondays trading session , Opening price of the stock was $138.67 with an intraday high of $139.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $137.95. However, the stock managed to close at $138.01, a loss of 0.48% for the day. On the previous day, the stock had closed at $138.67. The total traded volume of the day was 1,219,932 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.