Amentum Stock Is Leading the S&P 500. What We Know. -- Barrons.com

Dow Jones00:10

By Emily Dattilo

Shares of Amentum Holdings, an engineering and technology solutions company, were trading sharply higher on Thursday.

The stock gained 11% to $24.77 in late morning trading, on track for its largest daily percentage increase since September, according to Dow Jones Market Data. It was also the best performer in the S&P 500.

If the name doesn't sound familiar, it's likely because shares only began regular-way trading on Sept. 30. Engineering and construction firm Jacobs Solutions announced on Sept. 27 the completion of the spin-off of its critical mission solutions and cyber and intelligence government services businesses, which it then merged with Amentum Parent Holdings, forming the independent, publicly-traded company.

Write to Emily Dattilo at emily.dattilo@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

November 21, 2024 11:10 ET (16:10 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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