Navistar Snags Another Downgrade Despite Pop in Shares
Navistar International Corp. (NYSE: NAV) is trading higher today after some of yesterday’s big trading losses, but a research note is likely going to weigh on the shares even if it is from a small research firm. A firm called…
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Navistar shares have traded in a 52-week range of $20.07 to $48.18, and shares were down as low as $21.53 Friday morning. Investors need to be advised here that the 52-week low is just from Thursday.
As of 10:55 AM EST, we have Navistar shares up by some 4.3% at $22.37 on the day.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
