Raytheon Technologies Corp. Stock Rises Tuesday, Still Underperforms Market

Cummins Inc

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Industrials : Machinery | Mid Cap Blend

Company profile

Cummins Inc. designs, manufactures, distributes and services diesel and natural gas, electric and hybrid powertrains and powertrain-related components. It is also a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck. The Distribution segment consists of sales and support of a range of products and services. including power generation systems, high-horsepower engines, and heavy-duty and medium-duty engines. The Components segment supplies products, including aftertreatment systems, turbochargers, filtration products, electronics and fuel systems. The Power Systems segment consists of businesses, including power generation, industrial and generator technologies. The New Power segment focuses on hydrogen production and electric drive systems.

Raytheon Technologies Corp. Stock Rises Tuesday, Still Underperforms Market

5:21 pm ET November 8, 2022 (MarketWatch) Print

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

Shares of Raytheon Technologies Corp. (RTX) inched 0.10% higher to $96.27 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.56% to 3,828.11 and the Dow Jones Industrial Average rising 1.02% to 33,160.83. This was the stock's fourth consecutive day of gains. Raytheon Technologies Corp. closed $9.75 short of its 52-week high ($106.02), which the company reached on April 21st.

The stock underperformed when compared to some of its competitors Tuesday, as Boeing Co. (BA) rose 2.86% to $169.62, TransDigm Group Inc. (TDG) rose 1.57% to $594.08, and Heico Corp. (HEI) rose 0.56% to $157.55. Trading volume (3.9 M) remained 1.3 million below its 50-day average volume of 5.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 8, 2022.

(END) Dow Jones Newswires

November 08, 2022 17:21 ET (22:21 GMT)