Raytheon Company (RTN) : Wednesdays money flow data in Raytheon Company (RTN) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $25.4 million, whereas, $23.1 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.1, in favor of the bulls. The total money flow into the stock was $2.3 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $3.23 million. The total value of block trades done on upticks was $3.23 million. Raytheon Company (RTN) fell $0.07 and traded at $139.04, down -0.05% for the day, over previous days close. On a weekly basis, the shares are 0.33% over the previous weeks close.
Shares of Raytheon Company appreciated by 0.18% during the last five trading days but lost 1.44% on a 4-week basis. Raytheon Company is up 3.74% in the last 3-month period. Year-to-Date the stock performance stands at 13.81%.
Raytheon Company (RTN) has an average broker rating of 1.36, which is interpreted as a Strong Buy, as rated by 11 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Raytheon Company (NYSE:RTN): The stock opened at $139.5 and touched an intraday high of $139.85 on Wednesday. During the day, the stock corrected to an intraday low of $138.5701, however, the bulls stepped in and pushed the price higher to close in the green at $139.37 with a gain of 0.19% for the day. The total traded volume for the day was 1,167,237. The stock had closed at $139.11 in the previous trading session.
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.