Honeywell's Trading Volume Drops 31.65% to $767 Million, Ranks 92nd in Market

Generated by AI AgentAinvest Market Brief
Thursday, Mar 27, 2025 8:00 pm ET1min read
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On March 27, 2025, Honeywell's trading volume reached $767 million, a 31.65% decrease from the previous day, ranking 92nd in the day's stock market. HoneywellHON-- (HON) rose by 0.49%, marking its fourth consecutive day of gains, with a total increase of 1.93% over the past four days.

Honeywell has announced key leadership appointments for its upcoming spin-off of the advanced materials business. Dr. Rajeev Gautam will serve as the Chairman of the Board, while David Sewell has been named as the President and CEO of the new entity, which will be called Solstice.

Barclays has maintained its buy rating on Honeywell InternationalHON-- (HON), citing the company's strategic moves ahead of its planned spinoffs. The firm believes that Honeywell's addition of new executives and its focus on building a strong defense against market challenges will position it well for future growth.

Honeywell's management has decided to separate its automation and aerospace businesses in the second half of 2026. This strategic move is part of the company's broader plan to create three independent companies, each focused on its core competencies. The spin-off of the advanced materials business into a standalone entity, named Solstice, is a significant step in this direction.

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