UTX United Technologies Corporation

United Technologies Corporation (UTX) is currently at $73.25, down $19.59 or 21.1%

-- Would be lowest close since July 26, 2012, when it closed at $72.93

-- On pace for largest percent decrease since Sept. 17, 2001, when it fell 28.25%

-- Earlier Wednesday, J.P. Morgan analyst Stephen Tusa cut his stock price target on United Technologies to $119 from $160 but reiterated his overweight rating. He said despite uncertainty surrounding how the COVID-19 pandemic plays out, and balance sheet that is among the weaker of its peers, he believed the stock had "pulled back too much"

-- Down 43.91% month-to-date

-- Down 51.09% year-to-date

-- Down 53.29% from its all-time closing high of $156.83 on Feb. 7, 2020

-- Down 41.54% from 52 weeks ago (March 20, 2019), when it closed at $125.31

-- Down 53.29% from its 52 week closing high of $156.83 on Feb. 7, 2020

-- Would be a new 52 week closing low

-- Traded as low as $69.02; lowest intraday level since Oct. 5, 2011, when it hit $68.80

-- Down 25.66% at today's intraday low; largest intraday percent decrease since Sept. 17, 2001, when it fell as much as 28.25%

-- Worst performer in the DJIA today

-- Subtracted 132.83 points from the DJIA so far today

All data as of 11:59:12 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

March 18, 2020 12:23 ET (16:23 GMT)

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