Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why RTX Stock Fell in 2023

TheMotleyFool 
0 0 08.01.24
Why RTX Stock Fell in 2023Photo, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png
 

Aerospace giant RTX (NYSE: RTX) came into 2023 with a new name and considerable promise, but the company ran into some unexpected headwinds in the form of a massive engine recall.

The details leaked out slowly, and over time it became clear that the fix would be costly. Investors decided not to wait for a turnaround, sending the stock down as much as 35% for the year at its low.

The stock recovered somewhat in the final months of 2023, but it was still a year to forget for RTX investors. Shares of RTX ended down 16.6% in 2023, according to data provided by S&P Global Market Intelligence, losing to the S 500 by more than 40 percentage points.

Continue reading


Source Fool.com

RTX A/S Stock

?
0.810%
The RTX A/S stock is trending slightly upwards today, with an increase of €0.10 (0.810%) compared to yesterday's price.

Show more
Like: 0
RTX
Share

Comments

Not a member yet? Sign up for free!