Textron (TXT) has risen sharply, recording gains of 7.2% in the past 4 weeks. However, the stock has corrected -2.06% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.72% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.28% and the 50-Day Moving Average is 2.44%. Textron Inc. is up 0.88% in the last 3-month period. Year-to-Date the stock performance stands at -7.06%.
Textron (NYSE:TXT): On Fridays trading session , Opening price of the stock was $39.13 with an intraday high of $39.13. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $38.59. However, the stock managed to close at $39, a loss of 0.51% for the day. On the previous day, the stock had closed at $39.2. The total traded volume of the day was 871,067 shares.
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.