Honeywell (HON) shares pushed meaningfully higher on June 15 after the company’s board of directors formally approved the spinoff of Honeywell Aerospace.
HON closed at $227.41 on Monday, representing significant positive momentum as investors responded enthusiastically to this final milestone in the firm’s multi-year portfolio transformation. In the following days, HON stock has continued the positive momentum, hitting a session high of $234.70 today.