Raytheon Company (RTN) : During the past 4 weeks, traders have been relatively bearish on Raytheon Company (RTN), hence the stock is down -1.33% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.34% 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 0.13% in the last 1 week, and is up 2.98% 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 2.11% and the 50-Day Moving Average is 4.35%.
Raytheon Company (NYSE:RTN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $139.20 and $138.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $139.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $138.67, notching a gain of 0.09% for the day. The total traded volume was 1,176,249 . The stock had closed at $138.55 on the previous day.
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 -11.28% . Institutional Investors own 80.85% of Raytheon Company shares. During last six month period, the net percent change held by insiders has seen a change of -27%. In a related news,The officer (VP, Controller & CAO) of Raytheon Co/, Wood Michael J sold 2,582 shares at $133.35 on June 6, 2016. The Insider selling transaction had a total value worth of $344,310. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.