TDY is trading at $633.00 (down 4.3%) as the stock pulls back following a strong two-day advance driven by optimism around its directed-energy and counter-drone technologies.
- The decline reflects profit-taking after bullish coverage of Teledyne’s FLIR Defense division and its role in laser-based weapons and targeting systems.
- A modestly weaker broader market also contributed to the downward move following the recent defense-tech surge.