Shares of Textron (TXT) Rally 4.76%

Textron (TXT) has been under a strong bear grip, hence the stock is down -2.91% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.22% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.76% in the last 1 week, and is up 1.33% 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 4.59% and the 50-Day Moving Average is 2.41%.

Textron (NYSE:TXT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.74 and $38.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.75, notching a gain of 0.47% for the day. The total traded volume was 1,470,428 . The stock had closed at $38.57 on the previous day.


The company Insiders own 0.93% of Textron shares according to the proxy statements. Institutional Investors own 82.05% of Textron shares. In a related news, The Securities and Exchange Commission has divulged that Johnson Cheryl H, officer (Executive VP, Human Resources) of Textron Inc, had unloaded 2,121 shares at an average price of $42.37 in a transaction dated on November 2, 2015. The total value of the transaction was worth $89,867.

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Textron Aviation manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, simulation, training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.

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