Stock symbols are an essential part of the stock market. They are unique identifiers that represent a company’s shares traded on the stock exchange. Investors use these symbols to buy or sell shares of a particular company. In this article, we will discuss the stock symbol for United Technologies, a leading technology company.
What is United Technologies?
United Technologies Corporation (UTC) is a multinational conglomerate that operates in the aerospace, building technologies, and defense industries. The company’s portfolio includes brands such as Pratt & Whitney, Collins Aerospace, and Otis Elevator. UTC is headquartered in Farmington, Connecticut, and has operations in over 100 countries worldwide.
What is a stock symbol?
A stock symbol is a unique combination of letters assigned to a publicly traded company. It is used to identify the company’s stock on the stock exchange. Stock symbols are also known as ticker symbols.
Importance of stock symbols
Stock symbols are essential for investors to identify and track a company’s stock on the stock exchange. They allow investors to buy or sell shares of a particular company easily. Moreover, stock symbols help in the efficient functioning of the stock market by providing a standardized way of identifying companies.
How to find a stock symbol?
Investors can find a company’s stock symbol by searching for the company’s name on financial websites such as Yahoo Finance or Google Finance. The stock symbol is usually displayed alongside the company’s name.
United Technologies’ stock symbol
United Technologies’ stock symbol is UTX. The company’s shares are traded on the New York Stock Exchange (NYSE).
What does United Technologies’ stock symbol represent?
The UTX stock symbol represents United Technologies’ common stock traded on the NYSE. It provides investors with a unique identifier for the company’s shares.
Changes in United Technologies’ stock symbol
In April 2020, United Technologies completed its merger with Raytheon Company to form Raytheon Technologies Corporation. As a result, the UTX stock symbol was retired, and the company’s shares now trade under the RTX stock symbol.
United Technologies’ stock performance
United Technologies’ stock has performed well over the years. In 2019, the company reported a net income of $6.3 billion on revenues of $77 billion. The company’s stock has also provided a steady dividend to its investors over the years.
Conclusion
Stock symbols are crucial for investors to identify and track a company’s stock on the stock exchange. The UTX stock symbol represented United Technologies’ common stock traded on the NYSE. However, after the company’s merger with Raytheon Company, the UTX stock symbol was retired, and the company’s shares now trade under the RTX stock symbol.
References
- United Technologies Corporation. (n.d.). About Us. Retrieved August 19, 2021, from
- Yahoo Finance. (n.d.). United Technologies Corporation (UTX). Retrieved August 19, 2021, from https://finance.yahoo.com/quote/UTX/
Further reading
- Investopedia. (n.d.). Stock Symbol. Retrieved August 19, 2021, from https://www.investopedia.com/terms/s/stocksymbol.asp
- New York Stock Exchange. (n.d.). Listing Directory. Retrieved August 19, 2021, from https://www.nyse.com/listings_directory/stock
