Why Garrett Motion Stock Is Down Today
Auto component manufacturer Garrett Motion (NASDAQ: GTX) announced a big secondary offering, meaning more shares on the market. Investors are responding by lowering the value of the shares already out there, sending Garrett down 10% as of 10:45 a.m. ET.
Image source: Getty Images.
Garrett is the former auto division of Honeywell International, and today is a maker of turbochargers for internal combustion engine vehicles as well as components for hybrid and battery electric vehicles.
Source Fool.com
Honeywell International Aktie
204,70 €
-0,54 %
Absolute Beliebtheit: Honeywell International hat nur Buy-Einschätzungen.
Ein positives, wenn auch bescheidenes, Potenzial für Honeywell International mit einem Kursziel von 235 € im Vergleich zum aktuellen Kurs von 204.7 €.
