Curtiss-Wright ( (CW) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Curtiss-Wright’s stock has experienced an unusual movement due to insider selling activity, despite several positive developments. The company secured a significant $27 million contract for its Aircraft Ship Integrated Securing and Traversing systems, part of a larger potential $100 million deal. Additionally, the announcement of a $100 million share repurchase program has boosted investor confidence. Analysts have responded positively, with Citi initiating coverage with a Buy rating, and Morgan Stanley maintaining or increasing their price targets, highlighting strong prospects in defense, aerospace, and energy. However, increased insider selling has contributed to the stock’s downturn.
More about Curtiss-Wright
YTD Price Performance: 4.43%
Average Trading Volume: 267,719
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.92B
For further insights into CW stock on TipRanks’ Stock Analysis page.
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