By Emily Dattilo
Shares of Amentum Holdings, an engineering and technology solutions company, were trading sharply higher on Thursday.
The stock gained 11% to $24.77 in late morning trading, on track for its largest daily percentage increase since September, according to Dow Jones Market Data. It was also the best performer in the S&P 500.
If the name doesn't sound familiar, it's likely because shares only began regular-way trading on Sept. 30. Engineering and construction firm Jacobs Solutions announced on Sept. 27 the completion of the spin-off of its critical mission solutions and cyber and intelligence government services businesses, which it then merged with Amentum Parent Holdings, forming the independent, publicly-traded company.
Write to Emily Dattilo at emily.dattilo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
November 21, 2024 11:10 ET (16:10 GMT)
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