Shares of Honeywell International (HON) Sees Large Outflow of Money

Honeywell International (HON) : Money flow in the Honeywell International (HON) stock was negative (3.23 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $6.79 million, compared to $10.02 million on downticks. The total uptick to downtick ratio was 0.68, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($3.29 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $3.29 million, indicating persistent selling. Honeywell International (HON) traded $0.13 higher at $116.95 gaining 0.11% over the previous days close.


Honeywell International (HON) : 12 investment research analysts covering Honeywell International (HON) have an average price target of $124.92 for the near short term. The highest target price given by the Brokerage Firm to the stock is $130 and the lowest target is $115 for the short term. Analysts expect the variance to be within $4.66 of the average price. The stock has recorded a 20-day Moving Average of 0.36% and the 50-Day Moving Average is 1.35%.

Honeywell International (NYSE:HON): The stock opened at $116.78 on Thursday but the bulls could not build on the opening and the stock topped out at $117.16 for the day. The stock traded down to $115.55 during the day, due to lack of any buying support eventually closed down at $116.11 with a loss of -0.61% for the day. The stock had closed at $116.82 on the previous day. The total traded volume was 2,140,476 shares.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services, turbochargers, control, sensing and security technologies for buildings, homes and industry, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. The Company operates in segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines, integrated avionics, systems and service solutions, and related products and services. ACS segment provides environmental and combustion controls, sensing controls, security and life safety products and services. Its PMT segment develops and manufactures advanced materials, process technologies and automation solutions.

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