DJ Textron Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Textron Inc. $(TXT)$ slipped 4.95% to $76.11 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.
This was the stock's second consecutive day of losses.
Textron Inc. closed $21.23 below its 52-week high ($97.34), which the company reached on April 8th.
The stock underperformed when compared to some of its competitors Wednesday, as Honeywell International Inc. $(HON)$ fell 2.69% to $226.86, RTX Corp. $(RTX)$ fell 2.53% to $114.45, and Boeing Co. $(BA)$ fell 0.24% to $172.62.
Trading volume (2.3 M) eclipsed its 50-day average volume of 1.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 17:14 ET (22:14 GMT)
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