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 Textron Stock Is Climbing Today

TheMotleyFool

0 0

Shares of Textron (NYSE: TXT) are climbing today, up by 11% as of 12:15 p.m. EST, due in part to market exuberance over progress being made on a potential COVID-19 vaccine. A post-pandemic return to normalcy could be a catalyst for a number of the company's businesses and provide a much-needed spark for this underperformer.

Textron has been a tough stock to love lately, with shares down 22% over the past three years and trailing the S&P 500 by more than 60 percentage points. The company, a maker of everything from golf carts to helicopters, has been plagued by issues in various segments that have depressed earnings and tempered enthusiasm about the stock.

Image source: Textron.

Source Fool.com

Like: 0

TXT

Share