Honeywell stock falls 1.37% but outperforms competitors
Updated
Updated · MarketWatch · May 8
Honeywell stock falls 1.37% but outperforms competitors
7 articles · Updated · MarketWatch · May 8
Shares closed at $213.12 on Friday, their second straight decline, as the S&P 500 rose 0.84% and the Dow Jones Industrial Average edged up 0.02%.
Honeywell ended 14.13% below its 52-week high of $248.18 reached on 2 March, while GE Aerospace and 3M also fell and Johnson Controls posted a small gain.
Trading volume was 3.5 million shares, about 397,870 below Honeywell's 50-day average of 3.9 million, indicating lighter-than-usual activity despite the broader market's gains.
Why are analysts bullish on Honeywell while investors sell the stock amid its massive corporate overhaul?
Can Honeywell become a true automation powerhouse after spinning off its high-tech aerospace division?