Not sure what this is gonna do next day. It came off bottom after a hammer Fri but had low volume today. This company is restructuring after bankruptsy.
Dana Corp.
"Dana, which filed for bankruptcy in March 2006, has been closing plants and selling some business units to reorganize. It expects to file a reorganization plan by Sept. 3 and exit bankruptcy protection by the end of 2007."
About Dana Corporation
Dana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company's customer base includes virtually every major vehicle and engine manufacturer in the global automotive, commercial vehicle, and off-highway markets, which collectively produce more than 65 million vehicles annually. Based in Toledo, Ohio, the company's continuing operations employ approximately 35,000 people in 28 countries and reported 2006 sales of $8.5 billion, with more than half of this revenue derived from outside the United States. For more information, please visit
www.dana.com.
Shares Outstanding: 150.20M
Float: 127.55M
http://stockcharts.com/h-sc/ui?s=DCN...d=p50124628388
Dcnaq
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