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Updated · MarketWatch · May 6Huntington Ingalls Industries stock slips 2.02% and underperforms rivals
8 articles · Updated · MarketWatch · May 6
- Shares closed at $319.54 on Wednesday, their second straight loss, as the S&P 500 rose 1.46% and the Dow gained 1.24%.
- The stock lagged Lockheed Martin and Northrop Grumman, which rose, while General Dynamics fell 0.54% in the same session.
- Huntington Ingalls ended 30.53% below its 52-week high of $460 reached on 2 March, with trading volume of 937,748 topping its 50-day average.
HII executives sold millions in shares near the peak. Was this a warning sign investors missed? With a record backlog and a huge defense budget, why is America's largest shipbuilder leaking cash?