Why Shares of Honeywell Fell 18% in the First Half of 2020

Why Shares of Honeywell Fell 18% in the First Half of 2020

Shares of Honeywell International (NYSE: HON) followed the broader markets down as the COVID-19 pandemic swept across the globe earlier this year. The stock lost 18.3% in the first half of 2020, according to data provided by S&P Global Market Intelligence, and the near-term outlook for the company remains hazy at best. Honeywell is a diversified manufacturer, but its biggest profit generator is its commercial aerospace unit.