Analyzing the 20% Stock Surge
Whirlpool NYSE: WHR shares surged 20% on word that it would receive a takeover bid from Bosch. However, the initial price action suggests this is a buy-the-rumor-sell-the-news event, so investors should be cautious. While a catalyst for higher share prices, the offer has yet to be tendered, and there are reasons to believe Whirlpool won’t…