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Honeywell Stock Sinks After Officially Completing Aerospace Spin-Off

TheMotleyFool 
0 0 30.06.26
Honeywell Stock Sinks After Officially Completing Aerospace Spin-Off: https://cdn.content.foolcdn.com/images/1umn9qeh/production/6502b9b8aba55d907a70121c1e18fdafa74462f3-5067x3710.jpg?w=800&q=75&fit=max&auto=format
 

Investors didn’t extend a friendly greeting to two prominent new arrivals on the stock exchange Monday.

Honeywell Technologies (NYSE:HON) isn’t, strictly speaking, a new company or equity on the market. Rather, it’s the new name for the former Honeywell International business, without its aerospace arm. That unit has been spun off into a separate entity called, sensibly, Honeywell Aerospace (NYSE:HONA). Monday was the day the spinoff took effect, and the legacy stock closed that trading session down more than 6%. Let’s explore this a bit.

Image source: Getty Images.

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Source Fool.com

Honeywell International Stock

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