Textron (TXT) Shares are Up 0.51%

Textron (TXT) : Traders are bullish on Textron (TXT) as it has outperformed the S&P 500 by a wide margin of 0.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.46%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.51% in the last 1 week, and is up 1.19% 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 0.43% and the 50-Day Moving Average is 2.54%. Textron (NYSE:TXT): On Fridays trading session , Opening price of the stock was $39.29 with an intraday high of $39.38. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $39.01. However, the stock managed to close at $39.21, a loss of 0.46% for the day. On the previous day, the stock had closed at $39.39. The total traded volume of the day was 518,401 shares.


The company Insiders own 0.93% of Textron shares according to the proxy statements. Institutional Investors own 81.89% of Textron shares. Also, Morgan Stanley initiates coverage on Textron (NYSE:TXT). The rating major has initiated the coverage with underweight rating on the shares. The Analysts at Morgan Stanley announces a current price target of $39 per share. The rating by the firm was issued on June 23, 2016.

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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