Home Options Trading Advantage Options – Shares of Textron Slightly Volatile on Takeover Rumor

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Shares of Textron Aerospace and Defense Company (TXT) were moderately volatile in trading on Friday due to a rumor that the company is a potential takeover target. While shares initially reacted to this rumor by trading quickly higher, they ultimately returned back to the prevailing price range and settled at 54.27, down only -0.24%. Keep an eye on the stock are more rumors are likely.

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