Why Stanley Black & Decker Stock Jumped Today
Shares of Stanley Black & Decker (NYSE: SWK) jumped 6.8% on Monday morning after the owner of iconic tools and outdoor equipment brands announced a big asset sale in a move to fortify its balance sheet.
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Stanley Black & Decker is in the midst of a multi-year restructuring, targeting $2 billion in pre-tax cost savings by the end of 2025 through divestitures of non-core assets, simplification of its supply chain, and a focus on core businesses.
Source Fool.com
