Textron Inc. Stock Slides 6.4%, Underperforms Peers

Dow Jones

Jul 29

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Textron Inc. shed 6.4% to $89.96 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.2% to 7,428.78 and the Dow Jones Industrial Average rising 1.0% to 52,747.32.

The stock's fall snapped a four-day winning streak.

Textron Inc. closed 11.4% below its 52-week high of $101.57, which the company reached on February 18th.

The stock underperformed when compared to some of its peers, as Honeywell International Inc. rose 0.5% to $247.05, RTX Corp. rose 0.1% to $218.58, and Boeing Co. rose 4.76% to $221.56.

Trading volume totaled 5.4 million, compared to the 50-day average of 1.5 million.

Data source: Dow Jones Market Data, FactSet

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