Northrop Hits 52-Week High On Expansion Through Acquisition
Zacks Investment Research | Sep 21, 2017 12:22AM ET
Shares of Northrop Grumman (NYSE:NOC) scaled a 52-week high of $281.57 on Sep 20, eventually closing at $280.04. The company returned 31.3% in the past one-year period. The average volume of shares traded over the last three months was roughly 653.7 thousand.
What is Driving Northrop Grumman?
Northrop has been proactive in looking out for newer opportunities and is working progressively toward attaining its guidance. Toward this, it recently finalized the acquisition agreement of Orbital ATK in a major defense deal worth $9.2 billion. (Read more: Zacks Investment Research
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