Navistar Surges on Icahn Investment
June 08, 2012 at 15:26 PM EDT
News that activist investor Carl Icahn boosted his stake in Navistar International (NAV) sent the company sky high just a day after reporting a disappointing second-quarter and hitting its 52-week intraday low. Shares were recently up 15%. On Thursday, Navistar reported a loss in the second-quarter and lowered its forecast for the second time this [...]
