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Honeywell International Inc.

Company NameHoneywell International Inc.
Stock SymbolHON

On October 22, 2021, Honeywell announced a probable loss of at least $160 million in response to investigations by the U.S. Department of Justice, the Securities and Exchange Commission, and the Brazilian authorities regarding Honeywell’s compliance with the U.S. Foreign Corrupt Practices Act and similar Brazilian laws.

On this news, Honeywell’s share price fell $7.12, or approximately 3%, to close at $217.40 per share on October 22, 2021, thereby injuring investors.

 

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