A little over a week into becoming publicly traded over the New York Stock Exchange, common shares of Amentum Holdings were trading at less than $25 at market close Tuesday afternoon.
Amentum Holding shares were trading at $24.76 at 4 p.m. Eastern Time on Tuesday, according to Yahoo Finance. The Amentum stock opened the day trading at $25.44 per share.
Amentum Holdings kicked off public trading on Monday Sept. 30 after Chantilly, Va.,-based Amentum combined with the government contracting and cyber/intelligence businesses of Dallas-based Jacobs Solutions. At the end of that first day of public trading on Sept. 30, the Amentum Holdings stock surged to $32.25 before quickly setting into the $25-$27 range in the days that followed.
Jacobs Solutions, which spun off its Department of Energy and other federal government contracting businesses to Amentum, closed Tuesday at $137.32, which was down 3 cents since the morning opening.. Jacobs, which remains a major stakeholder in the new Amentum Holdings, has seen its stock price range from $100 to $141 per share over the past 52 weeks.
Much of what became the pre-merger Amentum has been publicly traded in the past when its DOE and Department of Defense operations were owned by Los Angeles-based AECOM.
The new Amentum-Jacobs combo leads billions of dollars’ worth of environmental cleanup joint ventures across the DOE weapons complex.