Huntington Ingalls stock sheds 1.51% and underperforms competitors
Updated
Updated · MarketWatch · May 7
Huntington Ingalls stock sheds 1.51% and underperforms competitors
7 articles · Updated · MarketWatch · May 7
Shares closed at $314.72 on Thursday, as the S&P 500 fell 0.38% and the Dow Jones Industrial Average lost 0.63% in a broad market decline.
It was the stock's third straight daily loss, and it lagged Lockheed Martin and Northrop Grumman while General Dynamics edged higher.
Huntington Ingalls ended 31.58% below its 52-week high of $460 reached on 2 March, while trading volume of 642,850 topped its 50-day average of 505,893.
With executives selling shares, is HII's strong revenue masking deeper problems in a strained defense industry?
The Navy needs more ships, but HII is burning cash. Can it fix its finances to build America's future fleet?