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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowStock in Cummins Inc. shot up as much as 24.7 percent this morning following a positive first-quarter earnings report.
At noon, the shares had settled retreated from a peak of $107 to near $100—still a huge run-up compared to yesterday’s closing price of $85.99..
The
Sales of engines for heavy trucks declined due to trucking firms’ stocking up before new emission regulations went into affect.
Cummins shares have been on a tear since CNBC “Mad Money” host Jim Cramer began touting the stock this month and Italy-based Fiat this week announced it would like to enter the
In pre-trading activity this morning, the shares were up nearly 6 percent, to $91.10. As recently as April 19, the stock traded at $73.80.
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