Northrop Grumman stock slides 1.31% and underperforms competitors
Updated
Updated · MarketWatch · May 7
Northrop Grumman stock slides 1.31% and underperforms competitors
9 articles · Updated · MarketWatch · May 7
Shares closed at $552.27 on Thursday as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63% in a broad market decline.
Northrop Grumman lagged RTX, up 0.02%, and Boeing, up 0.48%, while Lockheed Martin fell 0.36%, leaving it the weakest performer among the compared aerospace and defence stocks.
The stock finished 28.65% below its 52-week high of $774 reached on 3 March, while trading volume of 826,801 was slightly below its 50-day average.
As rival RTX soars on new orders, can Northrop's B-21 bomber program reverse its stock's downward slide?
Northrop's backlog is at a record high, so why are its CEO and other insiders selling millions in stock?