BAE Systems plc (OTCMKTS:BAESF)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.56 and traded as high as $6.75. BAE Systems shares last traded at $6.69, with a volume of 13,649 shares trading hands.
The business has a 50 day moving average of $6.63 and a 200-day moving average of $6.56.
An institutional investor recently raised its position in BAE Systems stock. Cullen Capital Management LLC lifted its stake in shares of BAE Systems plc (OTCMKTS:BAESF) by 70.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 611,157 shares of the company’s stock after purchasing an additional 252,062 shares during the quarter. Cullen Capital Management LLC’s holdings in BAE Systems were worth $3,801,000 as of its most recent SEC filing.
BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The Electronic Systems segment offers electronic warfare systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.
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