Honeywell Stock Drops After Completing Aerospace Spin-Off
On Monday, following the official completion of its aerospace spin-off into a new entity called Honeywell Aerospace (NYSE:HONA), shares of the renamed company, now known as Honeywell Technologies (NYSE:HON), fell more than 6%. The restructuring was part of an ongoing strategy to split the former Honeywell International business into three separate entities.
