Raytheon Technologies $RTX Dark Pool Trades Detected

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Dark pool trades were detected in Raytheon $RTX stock on October 28, 2022. We think the dark pool orders were buying because of how Raytheon stock rose following the trades hitting the tape.

Raytheon stock chart on October 29, 2022, with dark pool trades in orange bars with a table to the right with the text TIME SYMBOL MESSAGE PRICE 10/28/22 RTX 182,389 DARK BLOCK S16.0M 3.37% AvgVol $92.82 10/27/22 RTX 194,367 DARK BLOCK S17.0M 3.62% AvgVol $91.80 10/27/22 RTX 201,000 DARK BLOCK S18.0M 3.74% AvgVol $91.80

Bullish Option Flow In Raytheon $RTX Stock

Bullish option flow occurred in Raytheon stock last week with open interest in the June 16, 2023, $115 call option contract surging higher.

Raytheon-stock call option contract expiring June 16 2023 with $115 strike

Raytheon Technologies Stays With Outperform Rating at Morgan Stanley

On October 26, 2022, Morgan Stanley analyst Kristine Liwag lowered the firm’s price target on Raytheon Technologies to $119 from $124 and kept an Overweight rating on the shares, arguing that yesterday’s relative underperformance was underpinned by a weaker than expected Defense outlook driven by supply chain and labor availability constraints. She thinks that Raytheon is undervalued because its stock price is lower than other Defense companies. She thinks that the stock price does not take into account the upside that remains in the aerospace recovery.

Raytheon Technologies Stays With Outperform Rating at Baird

On October 26, 2022, Baird analyst Peter Arment lowered his price target on Raytheon Technologies to $106 from $117 and maintained an Outperform rating on the stock. The analyst said that supply chain problems in its defense operations were making it harder for its commercial markets to recover and do well in 3Q22.

Raytheon Technologies awarded $122 Million Army contract

The Lower Tier Air and Missile Defense Sensor pre-planned product improvement Increment III effort was awarded to Raytheon on October 25, 2022, for $122 million. The internet was used to solicit bids with two received. Work is expected to be finished by October 31, 2025. Army funds in the amount of $122,000,000 were obligated at the time of the award. The US Army Contracting Command is the group that made the contract.

Raytheon Technologies Reports Q3 2022 Results

On October 25, 2022, Raytheon Technologies reported third quarter 2022 results. Raytheon beat on EPS but missed on revenue. Raytheon Technologies reported Q3 adjusted EPS of $1.21 versus the consensus estimate of $1.14. The company reported Q3 revenue of $16.95B versus the consensus estimate of $17.23B.

Raytheon’s backlog at the end of the third quarter was $168B, of which $101B was from commercial aerospace and $67B was from defense.

“Raytheon Technologies delivered strong organic sales growth while also generating adjusted EPS and free cash flow that exceeded our expectations following the continued recovery in the commercial aerospace market and strong customer demand across our business,” said Raytheon Technologies chairman and CEO Greg Hayes. “While we expect industry-wide challenges to continue near-term, we remain focused on operational excellence, including cost containment and program performance, to deliver on our commitments.”

Supply chain problems still creating challenges, says Raytheon CEO Greg Hayes

Raytheon Technologies $RTX Stock Technical Analysis

Raytheon Technologies $RTX stock is in a technical weak downtrend. The stock has formed a downtrend channel breakout on the chart.

Raytheon stock chart on October 29,, 2022, with downtrend channel breakout pattern, positive MACD, and a positive money flow.

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