Raytheon Company (NYSE:RTN) has tumbled 1.46% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.11% in the last four weeks. The stocks have underperformed the S&P 500 by 0.28% during the past week but Raytheon Company (NYSE:RTN) it has outperformed the index in 4 weeks by 3.16%.
Raytheon Company (NYSE:RTN): The stock opened at $136.22 on Friday but the bulls could not build on the opening and the stock topped out at $136.39 for the day. The stock traded down to $133.35 during the day, due to lack of any buying support eventually closed down at $134.66 with a loss of -1.11% for the day. The stock had closed at $136.17 on the previous day. The total traded volume was 1,935,976 shares.
The company shares have rallied 33.86% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $137.34 and the one year low was seen on Jul 6, 2015. The 50-Day Moving Average price is $131.32 and the 200 Day Moving Average price is recorded at $126.13.
On the companys insider trading activities,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.
Many analysts have stated their opinion on the company shares. Goldman Sachs maintains its view on Raytheon Company (NYSE:RTN) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Goldman Sachs raises the price target from $130 per share to $131 per share on Raytheon Company. The rating by the firm was issued on May 2, 2016. Currently the company Insiders own 0.29% 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 -24.42% . Institutional Investors own 80.84% of Raytheon Company shares. During last six month period, the net percent change held by insiders has seen a change of -27%.
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.