Large Outflow of Money Witnessed in Raytheon Company

Raytheon Company (NYSE:RTN) traded higher in the last at $136.86, gaining 0.2 points or 0.15%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-3.47) million. The composite uptick value of $0.55 million was eclipsed by the accrued downtick value of $4.02 million, thereby ensuring the up/down ratio of 0.14. For the week, the shares have posted returns of 2.24%.A block trade registered during the day has revealed $0 million in upticks and $3.64 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-3.64) million.


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%. On the companys insider trading activities, Wood Michael J, officer (VP, Controller & CAO) of Raytheon Co/, unloaded 2,582 shares at an average price of $133.35 on June 6, 2016. The total amount of the transaction was worth $344,310, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Raytheon Company (NYSE:RTN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.75 points or 1.28% at $134.91 with 1,400,714 shares getting traded. Post opening the session at $136.29, the shares hit an intraday low of $134.89 and an intraday high of $137.16 and the price was in this range throughout the day. The company has a market cap of $40,066 million and the number of outstanding shares have been calculated to be 296,980,000 shares. The 52-week high of Raytheon Company (NYSE:RTN) is $137.34 and the 52-week low is $95.32.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Raytheon Company (NYSE:RTN). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs raises the price target from $130 per share to $131 per share. The rating by the firm was issued on May 2, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.