Large Outflow of Money Witnessed in Raytheon Company

Raytheon Company (RTN) : The total negative money flow of $7.01 million on Friday indicates selling on strength. The inflow of money on upticks was $47.92 million, compared to $54.93 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.87. The negative money flow of $2.34 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $2.34 million. The price action in the Raytheon Company (RTN) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $135.6 with a gain of $0.7 , a change of 0.52% over the previous days close. The stock registered -2.21% for the week.


Raytheon Company (RTN) : Currently there are 12 street experts covering Raytheon Company (RTN) stock. The most bullish and bearish price target for the stock is $153 and $118 respectively for the short term. The average price target of all the analysts comes to $141.92. The estimated standard deviation from the target is $10.62.

Raytheon Company (NYSE:RTN): stock turned positive on Friday. Though the stock opened at $134.59, the bulls momentum made the stock top out at $135.689 level for the day. The stock recorded a low of $134.59 and closed the trading day at $135.6, in the green by 0.52%. The total traded volume for the day was 1,974,250. The stock had closed at $134.9 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Wood Michael J, officer (VP, Controller & CAO) of Raytheon Co/, had unloaded 2,582 shares at an average price of $133.35 in a transaction dated on June 6, 2016. The total value of the transaction was worth $344,310.

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.

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