Honeywell Aerospace (HONA) Joins Key Index As Its Valuation Story Faces A Market Test

Honeywell Aerospace (HONA) has been added to the S&P Aerospace & Defense Select Industry Index, putting the Phoenix based manufacturer of aircraft systems on the radar of more benchmark constrained investors. Recent trading has been choppy. The share price is around $163.60 after a 1 day share price return that declined 2.11%, while the 7 day share price return gained 3.37% but the 90 day share price return fell 37.33%. This suggests momentum for Honeywell Aerospace has been fading despite...