Top Defense Stocks to Watch - February 22nd

According to recent analysis, five defense stocks are attracting attention this week based on their high trading volumes. These companies are Boeing, Analog Devices, Citigroup, Cadence Design Systems, and General Electric. Each of these companies has shown significant activity in their stock trading, making them worthy of consideration for investors.

Boeing (BA)

Boeing Company, including its subsidiaries, is heavily involved in the design, manufacturing, and service of commercial jetliners and military aircraft. Its operations span across various segments, including Commercial Airplanes and Defense, Space & Security. Recently, Boeing's stock traded at $177.34, down $3.54 during midday trading. Approximately 8,971,331 shares changed hands, exceeding the average volume of 7,266,808. The company boasts a market capitalization of $133.01 billion, alongside a P/E ratio of -9.68 and a beta of 1.52. It has seen a 52-week range from $137.03 to $208.10.

Analog Devices (ADI)

Analog Devices, Inc. specializes in the production of integrated circuits and software across multiple regions, including North America, Europe, and Asia. The company focuses on technologies that convert analog signals to digital data. Its stock price recently reached $238.91 after a decrease of $4.91. In total, 6,176,402 shares were traded, compared with its average trading volume of 4,038,524. With a market cap of $118.49 billion, Analog Devices has a P/E ratio of 76.09 and a beta of 1.04. The stock’s 52-week performance ranges from a low of $182.57 to a high of $247.10.

Citigroup (C)

Citigroup Inc. operates as a diversified financial services holding company and provides a wide variety of financial products and services globally. The company’s stock traded down by $1.70 to $79.65, with an impressive trading volume of 14,902,958 shares against an average volume of 12,777,669. Citigroup holds a market capitalization of $150.63 billion, a P/E ratio of 13.39, and has a current ratio of 0.96. Its 52-week range is from $53.51 to $84.74.

Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. offers a variety of software, hardware, and related services for integrated circuit design worldwide. Recently, its stock price fell by $11.96 to $258.27. With 4,553,254 shares traded compared to the average of 1,918,287, Cadence has a market cap of $70.83 billion. The company posts a P/E ratio of 66.91, with a quick ratio of 2.27. Its stock has fluctuated between $241.29 and $328.99 in the last year.

General Electric (GE)

General Electric Company, known as GE Aerospace, designs and manufactures defense and commercial aircraft engines. Its stock price reached $199.90, down by $8.84 during midday trading. Approximately 5,410,517 shares were exchanged, outpacing its average volume of 4,437,528. GE holds a market cap of $214.55 billion and has a P/E ratio of 33.37. The stock’s annual performance showed it fluctuating between a low of $119.88 and a high of $212.19.

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