Goodrich Stock Hot Winner in NYSE Dow Trading – Closes Up on News of United Technologies Acquisition

united technologies buys goodrich corporation

Goodrich Stock Hot Winner in NYSE Dow Trading – Closes Up on News of United Technologies Acquisition

On recent news of acquisition and merger, the Goodrich Corporation saw a major rise in its stock price today. Closing at $120.60 Goodrich was up by $11.11 at the end of trading on the New York Stock Exchange (NYSE).

It was confirmed by United Technologies that is will be buying Goodrich, who has a large stake in the aerospace and defense industry for a reported $16.4 billion in cash.

Other large moves on the NYSE today included, CarMax which fell $3.02 to close at $24.41. Another big loser was resort corporation Vail Resorts Inc. which lost $3.08 per share and closed the day at $36.75.

On the Nasdaq exchange one of the day’s top winners was book publisher Scholastic Corporation. After narrowing its losses last quarter with strong sales in the realm of children’s books like “The Hunger Games,” the company closed at $27.68, up $1.77 per share.

Despite the launch of some new accessories in the tablet and mobile device arena, computer mouse and keyboard manufacturer Logitech International was down on the day by $1.02 at $7.72.

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Ed Dixon - as an experienced writer and proven business leader, Mr. Dixon is the primary contributor for news related to Business and Finance. ed_dixon@newstaar.com