Large Inflow of Money Detected in Raytheon Company

Raytheon Company (RTN) : Tuesdays money flow data in Raytheon Company (RTN) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $36.58 million, whereas, $31.2 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.17, in favor of the bulls. The total money flow into the stock was $5.38 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $6.82 million. The total value of block trades done on upticks was $6.82 million. Raytheon Company (RTN) fell $1.05 and traded at $140.35, down -0.74% for the day, over previous days close. On a weekly basis, the shares are -0.4% over the previous weeks close.


Also, Deutsche Bank maintains their rating on the shares of Raytheon Company (NYSE:RTN). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $140 per share from $135 per share. The rating by the firm was issued on July 29, 2016.

Raytheon Company has dropped 0.59% in the last five trading days, however, the shares have posted positive gains of 0.08% in the last 4 weeks. Raytheon Company is up 7.52% in the last 3-month period. Year-to-Date the stock performance stands at 14.61%.

Raytheon Company (NYSE:RTN): The stock opened at $141.61 on Tuesday but the bulls could not build on the opening and the stock topped out at $141.78 for the day. The stock traded down to $139.73 during the day, due to lack of any buying support eventually closed down at $140.35 with a loss of -0.74% for the day. The stock had closed at $141.40 on the previous day. The total traded volume was 972,968 shares.

In a related news, Clark Vernon E, director of Raytheon Co/, unloaded 2,540 shares at an average price of $141.01 on August 2, 2016. The total amount of the transaction was worth $358,165, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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