Oshkosh Truck (OSK) NewsBite - OSK Gets Army Contract
Posted: Thursday, August 27, 2009 10:05 AM EDT
By: Market Intelligence Center Staff
Oshkosh Truck (NYSE: OSK) opened at $28.62. So far today, the stock has hit a low of $28.62 and a high of $30.95. OSK is now trading at $30.89, up $3.34 (12.12%). Over the last 52 weeks the stock has ranged from a low of $3.85 to a high of $32.63. OSK announced this morning that it has been awarded a contract by the U.S. Army Tank-automotive and Armaments Command Life Cycle Management Command (TACOM LCMC) to produce up to 23,000 vehicles and trailers and provide other support services. The contract is worth $280.9 million for the production and delivery of 2,568 trucks and trailers. Technical indicators for the stock are bullish and S&P gives OSK a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on OSK the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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