Honeywell Aerospace begins trading as a standalone company on the Nasdaq under the ticker HONA. On its first trading day, the stock opens higher, rising as much as about 7% at the start of trading. After that initial jump, shares pull back as trading progresses. According to the reports, trading volume is about 8.5 million shares during the day. The stock ultimately ends slightly lower on the day, closing down 82 cents at $220.19 per share. Quartz similarly notes that the shares gave up their early gains and finish modestly in the red, closing down 0.4% at $220.19. The sources agree that the debut is marked by an early run-up followed by a retreat before the market close, resulting in a small first-day decline.
Honeywell Aerospace shares fall after early gains in Nasdaq debut
Honeywell Aerospace begins trading as a standalone company on the Nasdaq under the ticker HONA. On its first trading day, the stock opens higher, rising as much as about 7% at the start of trading. Af...
- Honeywell Aerospace trades on Nasdaq on its first day as a standalone company.
- The shares rise about 7% at the open.
- The stock gives back early gains and closes modestly lower.
- The first-day close is $220.19, down 82 cents (about 0.4%).
- Trading volume is reported at roughly 8.5 million shares.
HONA opened as much as 7% higher before giving back gains, closing down 0.4% at $220.19 on its first day as a standalone company
4 hours agoShares opened the day higher, at one point gaining about 7%, before falling back on volume of about 8.5 million shares to end down 82 cents at $220.19 a share.
13 hours ago
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