Top Defense Stocks To Watch - February 22

On February 22nd, five defense stocks have caught the attention of investors. According to recent analyses, Boeing, Analog Devices, Citigroup, Cadence Design Systems, and General Electric have exhibited the highest dollar trading volume among defense stocks over the past few days. Here’s a closer look at these companies.

Boeing (BA)

The Boeing Company, along with its subsidiaries, is engaged in the design, development, manufacturing, sales, service, and support of various aerospace products. This encompasses commercial jetliners, military aircraft, satellites, missile defense systems, human space flight, and launch systems. Boeing operates in three main segments: Commercial Airplanes, Defense, Space & Security, and Global Services.

As of midday trading on Friday, BA stock experienced a decline of $3.54, reaching $177.34. The trading volume stood at 8,971,331 shares, surpassing its average volume of 7,266,808. The market cap for Boeing now sits at $133.01 billion, with a price-to-earnings (P/E) ratio of -9.68. The stock has recorded a 52-week low of $137.03 and a high of $208.10.

Analog Devices (ADI)

Analog Devices, Inc. is known for designing, manufacturing, testing, and marketing integrated circuits (ICs), software, and subsystems across the globe. The company specializes in data converter products for real-world analog signals and power management solutions for various applications.

On Friday, ADI shares traded down by $4.91, reaching $238.91, with a trading volume of 6,176,402 shares against its average of 4,038,524. The market capitalization is $118.49 billion, with a P/E ratio of 76.09. The stock's 52-week low is $182.57, while the high is $247.10.

Citigroup (C)

Citigroup Inc. provides a wide array of financial services to consumers, corporations, and institutions globally. Its operations are categorized into five segments, including Services, Markets, Banking, U.S. Personal Banking, and Wealth.

During midday trading on Friday, C stock decreased by $1.70 to $79.65, with a volume of 14,902,958 shares traded compared to an average of 12,777,669. Citigroup has a market cap of $150.63 billion and a P/E ratio of 13.39, with a 52-week low of $53.51 and a high of $84.74.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. specializes in providing software, hardware, services, and reusable IC design blocks globally. The company offers functional verification services that include various platforms for chip verification.

On Friday, CDNS shares fell by $11.96 to $258.27, with a trading volume of 4,553,254 shares against an average of 1,918,287. The company has a market capitalization of $70.83 billion and a P/E ratio of 66.91, with a 52-week high of $328.99 and a low of $241.29.

General Electric (GE)

General Electric Company, operating under GE Aerospace, focuses on the design and production of aircraft engines and mechanical systems for both commercial and defense markets. It also provides essential aftermarket services.

On Friday, GE stock dropped by $8.84 to $199.90, with a trading volume of 5,410,517 shares compared to an average of 4,437,528. GE has a market capitalization of $214.55 billion and a P/E ratio of 33.37, with a 52-week low of $119.88 and a high of $212.19.

stocks, defense, trading