A whale with a lot of money to spend has taken a noticeably bearish stance on Northrop Grumman.
Looking at options history for Northrop Grumman (NYSE:NOC) we detected 13 strange trades.
Matrix Service Company (NASDAQ:MTRX) announced today that its subsidiary, Matrix Service Inc., has been selected by Northrop Grumman for two thermal vacuum chamber projects, the first of which is the Engineering
Northrop Grumman (NYSE:NOC) has outperformed the market over the past 10 years by 10.77% on an annualized basis producing an average annual return of 21.58%. Currently, Northrop Grumman has a market capitalization of $71.44 billion.
U.S. indices traded lower Friday following the release of key economic data. While nonfarm payrolls came in higher than expected, concerns over Fed rate hikes, inflation and economic health continue to weigh on stocks.
Northrop Grumman's (NYSE:NOC) short percent of float has risen 8.97% since its last report. The company recently reported that it has 1.32 million shares sold short, which is 0.85% of all regular shares that are available for trading.