United Technology, Raytheon Shares Lower One Day After Merger Announcement
June 11 2019 - 4:15PM
Dow Jones News
By Stephen Nakrosis
Shares of industrial conglomerate United Technologies Corp.
(UTX) are lower in Tuesday's market, continuing a trend from
yesterday after the company announced plans to merge with defense
contractor Raytheon Co. (RTN).
At 3:39 p.m., United Technology shares were down 3.87% to trade
at $123.05. Volume was heavier than normal, with over 8.6 million
shares trading, above the 65-day average volume of some 3.1
million.
On Monday, United Technology saw its shares lose 3.13%, on
volume of over 13.7 million. The losses continued in Monday's
after-hours market.
Raytheon shares were also losing ground in Tuesday's market,
losing 4.61% to trade at $178.58 a share on heavier than average
volume.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 11, 2019 16:00 ET (20:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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