The stock of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) hit a new 52-week high and has $30.78 target or 50.00% above today’s $20.52 share price. The 6 months bullish chart indicates low risk for the $1.35B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $30.78 price target is reached, the company will be worth $675.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 227,890 shares traded hands. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) has risen 22.98% since April 11, 2016 and is uptrending. It has outperformed by 16.83% the S&P500.
According to Zacks Investment Research, “Aerojet Rocketdyne Holdings, Inc. focuses on developing military, civil and commercial systems and components for the aerospace and defense industry markets. Aerojet Rocketdyne Holdings, Inc., formerly known as GenCorp, Inc., is headquartered in Sacramento, California.”
More important recent Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) news were published by: Latimes.com which released: “Aerojet Rocketdyne move to El Segundo adds to SoCal’s growing aerospace community” on June 21, 2016, also Globenewswire.com published article titled: “Aerojet Rocketdyne Holdings, Inc. Reports Third Quarter 2016 Results”, Globenewswire.com published: “Aerojet Rocketdyne Holdings, Inc. Welcomes New Chief Financial Officer” on October 25, 2016. More interesting news about Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) was released by: Fool.com and their article: “Why Aerojet Rocketdyne Holdings, Inc. Shares Crashed 11% in December” with publication date: January 07, 2016.
AJRD Company Profile
Aerojet Rocketdyne Holdings, Inc., formerly GenCorp, Inc., incorporated on April 11, 2014, is a maker of aerospace and defense products and systems. The Firm develops and makes propulsion systems for defense and space applications, and armaments for precision tactical and long-range weapon systems applications. The Firm operates in two divisions: Aerospace and Defense, and Real Estate. The Aerospace and Defense segment consists of the activities of the Company’s subsidiary, Aerojet Rocketdyne, Inc. (Aerojet Rocketdyne), which is a technology designer, developer and maker of aerospace and defense products and systems for the United States government, including the Department of Defense (DoD), the National Aeronautics and Space Administration (NASA), aerospace and defense prime contractors, as well as portions of the commercial sector. The Real Estate segment includes the activities of its subsidiary Easton Development Company, LLC (Easton).
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