United Technologies Corporation (UTX) : Traders are bullish on United Technologies Corporation (UTX) as it has outperformed the S&P 500 by a wide margin of 2.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.99%, 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 1.05% in the last 1 week, and is up 3.19% 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 1.93% and the 50-Day Moving Average is 4.97%. United Technologies Corporation (NYSE:UTX): On Fridays trading session , Opening price of the stock was $109.02 with an intraday high of $109.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $108.55. However, the stock managed to close at $108.87, a loss of 0.28% for the day. On the previous day, the stock had closed at $109.18. The total traded volume of the day was 1,808,404 shares.
The company Insiders own 0.15% of United Technologies Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.46% . Institutional Investors own 82.14% of United Technologies Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -21.46%. Also, Equity analysts at the Brokerage firm Barclays maintains its rating on United Technologies Corporation (NYSE:UTX). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays raises the price target from $108 per share to $110 per share. The rating by the firm was issued on July 27, 2016.
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.