Honeywell Surges Nearly 5% After Elliott's $5B Stake and Breakup Push [Yahoo! Finance]
RTX Corporation (RTX)
Company Research
Source: Yahoo! Finance
The fund is pushing for the industrial giant to split into two separate companies: one focused on aerospace, the other on automation. Their reasoning? The current setup is holding Honeywell back, with uneven execution and inconsistent financial results over the last five years. Elliott says breaking things up could supercharge the stock by 51-75% over the next two yearsand the market seems to agree. Honeywell shares jumped nearly 5% on the news, their best run in four years. Elliott's move isn't just boldit's timely. Honeywell's new CEO, Vimal Kapur, has already been on a streamlining spree, spinning off the advanced materials unit and shedding businesses that don't align with his focus on automation, aviation's future, and clean energy. Elliott's plan to simplify the company dovetails perfectly with this strategy, taking cues from successful breakups at peers like GE and United Technologies. In their letter to Honeywell's board, Elliott argued that ditching the conglomerate model w
Show less
Read more
Impact Snapshot
Event Time:
RTX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RTX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RTX alerts
High impacting RTX Corporation news events
Weekly update
A roundup of the hottest topics
RTX
News
- OKSI Awarded U.S. Army Contract on their 3rd Generation FLIR Software Technology for Enhanced Thermal Night Vision Sensors [Yahoo! Finance]Yahoo! Finance
- Is it Too Late to Buy RTX (NYSE:RTX) Stock? [Yahoo! Finance]Yahoo! Finance
- RTX's Collins Aerospace to provide UK Chinook helicopters with interoperable avionics systemPR Newswire
- Taiwan May Have Rearmed Ukraine's Air Defense Force [Forbes]Forbes
- RTX Corporation (RTX): The Powerhouse Behind Cutting-Edge Military Robotics [Yahoo! Finance]Yahoo! Finance
RTX
Earnings
- 10/22/24 - Beat
RTX
Sec Filings
- 10/22/24 - Form 10-Q
- 10/22/24 - Form 8-K
- 10/16/24 - Form 8-K
- RTX's page on the SEC website