American Axle… Upgrade or Tune Up? (AXL)

Posted in pre-market 
September 11th, 2009

American Axle (NYSE: AXL) is soaring by 17% at $7.40 on very strong pre-market volume for a listed stock on the NYSE.  The auto-part supplier was Raised to Overweight at Barclays in a research call. At 8:41 AM EST we have just about hit 300,000 shares versus an average volume of 11 million shares.  Be advised that the 52-week high is $8.38, but 2-years ago this was north of $20 and was challenging $30 before then. -JON OGG

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