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Why Whirlpool Stock Is Up Big Today

TheMotleyFool 
0 0 26.06.24
Why Whirlpool Stock Is Up Big TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/fb3845ac-e3c6-43ef-86c1-b57ed8c272c4.png
 

Whirlpool (NYSE: WHR) is reportedly a potential acquisition target for a German industrial conglomerate.

Shares of the U.S. appliance maker traded up as much as 19% on Wednesday, and were up 15% as of 11 a.m. based on speculation that a potential offer with a premium could appear.

Whirlpool is one of the largest manufacturers of home appliances based in the United States, with a business increasingly under pressure from foreign rivals. In recent years, the company has divested its Middle Eastern and African operations and formed a joint venture to manage its European business, part of a plan to conserve cash and fight off competition in its home markets.

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Source Fool.com

Whirlpool Corp. Stock

€39.99
3.330%
A very strong showing by Whirlpool Corp. today, with an increase of €1.29 (3.330%) compared to yesterday's price.
Our community is currently low on Whirlpool Corp. with 2 Buy predictions and 5 Sell predictions.
With a target price of 36 € there is a slightly negative potential of -9.98% for Whirlpool Corp. compared to the current price of 39.99 €.
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