Raytheon Company A reduction of 491,266 shares or 16.4% was observed in the short interest of Raytheon Co The interest on November 13,2015 came in at 2,511,509 shares and as per the average daily trading of 1,316,271 shares, the days to cover are 2. The reduced interest is 0.8% of the floated shares. The data of October 30,2015 put the interest at 3,002,775 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on November 24th after Market close.
Analysts at Zacks have given a short term rating of hold on Raytheon Company with a rank of 3. The shares have received an average rating of 1.13 from 15 brokerage firms. 14 analysts have rated the company as a strong buy. The shares have been rated as hold from 1 Wall Street Analysts.
Shares of Raytheon Company ended Tuesday session in red amid volatile trading. The shares closed down 0.41 points or 0.32% at $126.36 with 1,569,112 shares getting traded. Post opening the session at $126.18, the shares hit an intraday low of $125.2 and an intraday high of $126.82 and the price vacillated in this range throughout the day. The company has a market cap of $38,047 million and the number of outstanding shares have been calculated to be 301,098,000 shares. The 52-week high of Raytheon Company is $128.2 and the 52-week low is $95.32.
Shares of Raytheon Company rose by 2.52% in the last five trading days and 8.06% for the last 4 weeks. Raytheon Company is up 22.71% in the last 3-month period. Year-to-Date the stock performance stands at 19.75%.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (Vice President), of Raytheon Co/, Lawrence Taylor W had unloaded 4,449 shares at $110 per share in a transaction on October 5, 2015. The total value of transaction was $489,390. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.29% of Raytheon Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.36% . Institutional Investors own 79.13% of Raytheon Company shares. During last six month period, the net percent change held by insiders has seen a change of -16.15%.
Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide. The Company provides electronics, mission systems integration and other capabilities in the areas of sensing, effects, and command, control, communications and intelligence systems (C3I), as well as a range of mission support services. It serves both domestic and international customers, principally as a prime contractor on a portfolio of defense and related programs for government customers. The Company operates in six business segments: Integrated Defense Systems (IDS); Intelligence and Information Systems (IIS); Missile Systems (MS); Network Centric Systems (NCS); Space and Airborne Systems (SAS), and Technical Services (TS). On January 31, 2011, the Company acquired Raytheon Applied Signal Technology, Inc. (RAST). Effective June 27, 2013, Raytheon Co acquired Visual Analytics Inc.
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