Howmet Aerospace stock jumps 5.66% and outperforms competitors
Updated
Updated · MarketWatch · May 6
Howmet Aerospace stock jumps 5.66% and outperforms competitors
10 articles · Updated · MarketWatch · May 6
The shares closed at $256.43 on Wednesday, their third straight gain, with trading volume of 4.3 million versus a 50-day average of 2.2 million.
Howmet finished 4.07% below its 52-week high of $267.31 reached on 2 March, while Berkshire Hathaway's A and B shares and TransDigm posted smaller gains.
The move came in a broadly strong US market session, with the S&P 500 rising 1.46% and the Dow Jones Industrial Average up 1.24%.
As its stock soars, can Howmet's growth strategy overcome critical supply chain and labor shortages plaguing the entire aerospace industry?
Howmet bets its gas turbine business will double. Is this explosive growth from data centers a sustainable new reality for aerospace?