Executive Mosaic’s GovCon Index gained positive momentum this past week, increasing 1.05%, following its worst recorded performance period. The index closed with an average of $5,212.93 for the week.
GovCon Index provides site visitors with a real-time look into the stock market performance of 30 key government contracting organizations. Users can evaluate the index’s recorded data on each tracked company and gain insights into critical GovCon market trends.
Top Momentum Gainers
Following six consecutive days of loss, a 0.68% gain on Wednesday instigated positive momentum for the rest of the week.
Booz Allen Hamilton is currently enjoying three days of positive movement after sustaining a seven-day losing streak. Fluor Corporation rose 7.45% for the period, while Boeing came in second with a 6.49% increase. Boeing’s weekly gain was viewed as surprising due to the company announcing over 2,200 job layoffs at the start of the week.
Palantir Technologies, GCI’s top performer in 2024, topped Friday’s winners with a 4.87% increase. Maximus sustained a 7.69% drop, the most of any decline.
Take a firsthand look at last week’s market report to review daily GovCon Index performance. Visit GovConIndex.com to see the complete list of tracked organizations.