Price/Volume Spike: Navistar (NAV)

Posted in General 
September 4th, 2008

Navistar International Corp. (NYSE: NAV) is trading up this morning but under levels seen in the after-hours session last night.  Shares traded up nearly 10% Wednesday evening in after-hours trading to $59.50 to $60.00 after the commercial truck, bus and engine maker managed to beat earnings and even go so far as to raise its guidance in this economy.

Shares are up over 7% pre-market at $58.00, under the $59 and $60 prints seen last night in after-hours trading.  The 52-week trading range is $43.75 to $79.05.

Earnings were impressive considering its sector.  As of 8:48 AM EST we have seen more than 9,000 shares trade hands and the average volume is 500,000 shares.

Jon C. Ogg
September 4, 2008

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