Raytheon Company (RTN) Shares are Up 0.88%

Raytheon Company (RTN) has been under a strong bear grip, hence the stock is down -0.83% 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 0.45% 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 0.88% in the last 1 week, and is up 1.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Raytheon Company (NYSE:RTN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $141.00 and $140.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $141.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $140.76, notching a gain of 0.21% for the day. The total traded volume was 1,721,452 . The stock had closed at $140.47 on the previous day.

The stock has recorded a 20-day Moving Average of 1.88% and the 50-Day Moving Average is 3.86%. Raytheon Company is up 9.66% in the last 3-month period. Year-to-Date the stock performance stands at 14.94%.

Raytheon Company (RTN) : The consensus price target for Raytheon Company (RTN) is $147 for the short term with a standard deviation of $13.56. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $160, however, the pessimist price target for the company is $118.


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.