Volume Spike Investor » OSK

Oshkosh Secondary Spanks Shares Further (OSK)

247admin — Wed, 05 Aug 2009 20:28:55 +0000

Oshkosh Corporation (NYSE: OSK) is using recent strength to unload shares of stock. The company said it will sell 13,000,000 shares of common stock to repay a portion of the term loan borrowings under its credit agreement. Shares closed down over 5% at $30.42 in regular trading and we show trading down another 5% at $28.82 after the report and the 52-week range is $3.85 to $32.63. We have seen some 68,446 shares trade since the 4:00 PM Closing Bell. (4:26 PM EST)

-JON OGG

VOLUME ALERT: Force Protection (FRPT, OSK)

247admin — Mon, 06 Jul 2009 13:28:36 +0000

Force Protection Inc. (FRPT) shares are up about 5 percent on volume of about 90,000 shares at the opening of Nasdaq trading. The company announced contracts for both Phase 1 and Phase 2 installation of specifically redesigned TAK-4 independent suspension kits for 1,317 Cougar MRAP vehicles.

Note our post last week involving a contract win for rival Oskkosh Truck (OSK), in which we said there could be potential MRAP business for Force Protection. — Mike Tarsala

See previous post for full details.

Premarket Alert: Watch defense contractors on contract news (OSK, FRPT, BAESY, GD, NAV)

247admin — Wed, 01 Jul 2009 11:17:27 +0000

Oshkosh Corp. (NYSE: OSK) shares are up more than 20 percent in early premarket trading after the company was awarded a $1.06 billion fixed-price contract to from the U.S. Army for 2,244 MRAP mine-resistant All-Terrain Vehicles for use in Afghanistan. The Pentagon could order thousands more of the vehicles.

Other stocks to watch today on the news are the companies that Oshkosk beat out to provide the vehicles, including rival BAE Systems (BAESY) and Navistar International Corp. (NYSE: NAV), which has a joint venture between small-cap Force Protection Inc. (Nasdaq: FRPT) and General Dynamics Corp. (NYSE: GD) — Mike Tarsala