United Technologies Corporation (NYSE:UTX) has tumbled 0.78% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.12% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.41% and the outperformance has advanced to 1.19% for the last 4 weeks period.
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 $100.85 and $100.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $101.20, notching a gain of 0.08% for the day. The total traded volume was 5,691,890 . The stock had closed at $101.12 on the previous day.
The company shares have dropped -11.92% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $116.15 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $101.07 and the 200 Day Moving Average price is recorded at $96.48.
On the companys insider trading activities,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.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm RBC Capital downgrades its rating on United Technologies Corporation (NYSE:UTX). The rating major has initiated the coverage with sector perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 3, 2016. Currently the company Insiders own 0.15% of United Technologies Corporation shares according to the proxy statements. Institutional Investors own 84.27% of United Technologies Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 979.59%.
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.