Christine Thropp
Executive Mosaic’s GovCon Index ended the week of July 15 with a solid 1.43% week-on-week gain, even after posting losses in three of five trading sessions.
On Tuesday, GCI posted its largest single-day gain at 2.04% and highest close at $5,105.25. The index has been regularly tracking the stock performances of 30 major government contractors since December 2023.
GovCon Index, after the Monday and Tuesday highs, experienced dips for three consecutive days. The drops were attributed to broad market selloff during the week.
Mercury Systems and four other GCI constituents were the only stocks that finished in green on Friday. On the other hand, the 25 decliners were led by Textron and V2X.
The previous week also saw GovCon Index posting weekly gain. For a closer look at daily GCI performance, check out last week’s market reports. To access the full list of tracked companies, click here.
