United Technologies Corporation (UTX) has been under a strong bear grip, hence the stock is down -0.12% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.28% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.78% in the last 1 week, and is up 4.25% 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 3.61% and the 50-Day Moving Average is 4.44%.
United Technologies Corporation (NYSE:UTX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $105.35 and $104.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $105.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $105.50, notching a gain of 0.34% for the day. The total traded volume was 2,836,917 . The stock had closed at $105.14 on the previous day.
The company Insiders own 0.15% of United Technologies Corporation shares according to the proxy statements. Institutional Investors own 84.24% of United Technologies Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 979.59%. In a related news,The officer (Executive VP & General Counsel) of United Technologies Corp /De/, Gill Charles D sold 8,958 shares at $102.04 on June 8, 2016. The Insider selling transaction had a total value worth of $914,074. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.