Raytheon Company (RTN) : Traders are bullish on Raytheon Company (RTN) as it has outperformed the S&P 500 by a wide margin of 1.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.06% in the last 1 week, and is up 2.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.57% and the 50-Day Moving Average is 4.09%. Raytheon Company (NYSE:RTN): On Fridays trading session , Opening price of the stock was $142 with an intraday high of $142.73. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $141.57. However, the stock managed to close at $142.25, a loss of 0.05% for the day. On the previous day, the stock had closed at $142.32. The total traded volume of the day was 1,191,575 shares.
The company Insiders own 0.21% of Raytheon Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.86% . Institutional Investors own 79.69% of Raytheon Company shares. During last six month period, the net percent change held by insiders has seen a change of -24.47%. Also, Brokerage firm Deutsche Bank maintains its rating on Raytheon Company (NYSE:RTN). As per the latest information, the brokerage house raises the price target to $140 per share from a prior target of $135. The shares have been rated Hold. The rating by the firm was issued on July 29, 2016.
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.