Why Whirlpool Stock Is Up Big Today
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.
Source Fool.com
Whirlpool Corp. Stock
€97.62
0.450%
With 3 Buy predictions and 3 Sell predictions the community is currently undecided on Whirlpool Corp..
A slightly negative potential of -10.88% at a current price of 97.62 € for Whirlpool Corp. is the result of a target price of 87 €.
