5 Biggest Companies That Were Dropped From the Dow Jones Industrial Average (DJIA)

In this article we take a look at 5 Biggest companies that were dropped from the Dow Jones Industrial Average (DJIA) index. If you want to read about the importance of the Dow index and some of the biggest companies that were booted from the index, go directly to 10 Biggest Companies That Were Dropped From the Dow Jones Industrial Average (DJIA)

5. Raytheon Technologies Corp (NYSE: RTX)

Raytheon was booted from the Dow after just spending 5 months on the index. The company was replaced by industrial giant Honeywell. Raytheon shares rallied in late January after CEO Greg Hayes pledged to increase share buybacks. In the fourth quarter, Raytheon Technologies posted a non-GAAP EPS of $0.74, above the Street forecasts by $0.05. Revenue in the period jumped by 111% and reached $16.6 billion.

As of the end of the third quarter, Eric W. Mandelblatt’s Soroban Capital Partners owns 13.93 million shares of Raytheon, worth 801.47 million.

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