Why Garrett Motion Stock Is Down Today
Auto component manufacturer Garrett Motion (NASDAQ: GTX) announced a big secondary offering, meaning more shares on the market. Investors are responding by lowering the value of the shares already out there, sending Garrett down 10% as of 10:45 a.m. ET.
Image source: Getty Images.
Garrett is the former auto division of Honeywell International, and today is a maker of turbochargers for internal combustion engine vehicles as well as components for hybrid and battery electric vehicles.
Source Fool.com
Honeywell International Aktie
189,22 €
2,23 %
Einzigartige Zustimmung für Honeywell International mit ausschließlich Buy-Einschätzungen.
Ein leicht positives Kursziel von 224 € für Honeywell International gegenüber dem aktuellen Kurs von 189.22 € wird gesehen.
