Rochester, NY 8/19/2009 10:57:03 PM
American Axle & Manufacturing Holdings Inc., AXL - American Axle Reach Financial Agreements with General Motors Co., shares nearly doubled in value
American Axle & Manufacturing Holdings Inc
Shares of American Axle & Manufacturing Holdings Inc. gained a market high and have almost doubled in value on last trading last Tuesday afternoon. This is after the auto parts manufacturer won another extension on its credit line and reached a financial agreement with General Motors Co.
http://StockEinstein.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
Shares soared $2.44, or 93.5 percent, to $5.07. The stock is still off from a 52-week high of $8.38 set last September. The company said in a regulatory filing it negotiated an extension on the waiver of its revolving credit facility to Aug. 31. The previous deadline was set to expire on Thursday.
StockEinstein.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://StockEinstein.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
