Cooper Tire & Rubber Company (NYSE:CTB) Is The Most Active Stock During Morning Trading Hours
Cooper Tire (CTB) Files To Sell Up To 1.5M Shares On Behalf of CTB Pension Fund
(EMAILWIRE.COM, September 14, 2009 ) New York, NY - PennyStockPickAlert is pleased to alert investors of stocks on the move.
Cooper Tire & Rubber Company (NYSE:CTB) jumped up $1.52 or 10.43% to $16.09 on an unusual volume of 715K shares . In an S-3, Cooper Tire filed to sell up to 1,527,778 shares of stock on behalf of the Cooper Tire & Rubber Company Spectrum Retirement Plan, which is referred to as the pension plan.
As of September 9, 2009, the shares of common stock to which this prospectus relates have been contributed by Cooper Tire & Rubber Company to the selling stockholder in a private transaction to fund certain of our obligations to the pension plan.
Till now during the current calendar year the stock has surged over 172%. The stock has a 52-week high and low of $17.01-$2.96.
Cooper Tire & Rubber Company (Cooper), incorporated in 1930, is a manufacturer of replacement tires. Cooper focuses on the manufacture and sale of passenger and light truck replacement tires. It also manufactures radial medium and bias light truck tires. The Company also manufactures and sells motorcycle and racing tires. The Company has two segments: North American Tire Operations and International Tire Operations. Cooper operates eight manufacturing facilities and 40 distribution centers in 10 countries.
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Cooper Tire & Rubber Company (NYSE:CTB) jumped up $1.52 or 10.43% to $16.09 on an unusual volume of 715K shares . In an S-3, Cooper Tire filed to sell up to 1,527,778 shares of stock on behalf of the Cooper Tire & Rubber Company Spectrum Retirement Plan, which is referred to as the pension plan.
As of September 9, 2009, the shares of common stock to which this prospectus relates have been contributed by Cooper Tire & Rubber Company to the selling stockholder in a private transaction to fund certain of our obligations to the pension plan.
Till now during the current calendar year the stock has surged over 172%. The stock has a 52-week high and low of $17.01-$2.96.
Cooper Tire & Rubber Company (Cooper), incorporated in 1930, is a manufacturer of replacement tires. Cooper focuses on the manufacture and sale of passenger and light truck replacement tires. It also manufactures radial medium and bias light truck tires. The Company also manufactures and sells motorcycle and racing tires. The Company has two segments: North American Tire Operations and International Tire Operations. Cooper operates eight manufacturing facilities and 40 distribution centers in 10 countries.
Penny Stock Pick Alert alerts its members on stocks that could generate higher than average returns. These include stocks with huge volume, penny stocks that are moving to the upside quickly, hot penny stocks with buy signals and companies with news. Our penny stock newsletter is well known for producing incredible results in a short amount of time and our members have made outstanding profits of over 100%. We encourage investors to join our FREE e-mail alerts by visiting Penny Stock Pick Alert
ABOUT Penny Stock Pick Alert
Investors who are interested in hot stocks on the move and making money in the stock market can receive FREE Alerts by visiting Penny Stock Pick Alert PennyStockPickAlert.com is a leading stock web site that provides free stock alerts on stocks that are poised to make big gains. PennyStockPickAlert.com also tracks small cap penny stocks that could be on the brink of a massive breakout. To feature a company on our web site please contact us at info@PennyStockPickAlert.com
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Tel: 214-556-6798
Email us
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