Why Ferro Stock Popped 13% Today

Shares of Ferro Corporation (NYSE: FOE), a maker of enamels, glazes, stains, and other specialty coatings, shot up Friday on news that it may be for sale. Citing "people familiar with the matter," Bloomberg reported that Ferro is "exploring strategic options, including a sale."

By the time the closing bell struck on the NYSE, Ferro stock was up 13%.

Image source: Getty Images.

Continue reading

Source Fool.com