Auto Parts Cos., Retailers See Shares Rise on Solid Auto Sales Numbers

Date : 09/05/2019 @ 8:17PM
Source : Dow Jones News
Stock : Tenneco Inc (TEN)
Quote : 10.63  -0.24 (-2.21%) @ 10:19PM
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Last $ 10.63 ◊ 0.00 (0.00%)

Auto Parts Cos., Retailers See Shares Rise on Solid Auto Sales Numbers

American Axle and Manufa... (NYSE:AXL)
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   By Stephen Nakrosis 
 

As companies report good U.S. auto sales figures for August, the share price of several automotive component makers are rising in Thursday's market.

Among the gainers are American Axle & Manufacturing Holdings Inc. (AXL), whose shares are up 14.10%, to $7.20, with about 30 minutes left in the trading day; Lear Corp. (LEA), up 6.31% to $120.48; Dana Inc. (DAN), up 8.72% at $13.89; and Tenneco Inc. (TEN), up 17.22% to $10.28. Also seeing increases are BorgWarner Inc. (BWA), whose shares are up 5.9% to $35.17; Goodyear Tire & Rubber Co. (GT), up 7.09% to $12.23; and Visteon Corp. (VC), up 9.32% to $76.35.

Shares of auto parts retailer O'Reilly Automotive Inc. (ORLY) are 2.01% higher, at $396.40. AutoZone Inc. (AZO) shares are up 1.12% to $1,135.32; Genuine Parts Co. (GPC), up 3.12% to $93.66; and Advance Auto Parts Inc. (AAP), up 3.09% to $146.27.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

September 05, 2019 16:02 ET (20:02 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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