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CBE Cooper Industries, Plc (Ireland)

74.50
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cooper Industries, Plc (Ireland) NYSE:CBE NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 74.50 0.00 01:00:00

MARKET TALK: Dollar General Up, But Has More To Gain - Citi

27/11/2012 3:47pm

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Cooper (NYSE:CBE)
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10:17 EST - Dollar General (DG) up 1% to $49.78 ahead of its being added to the S&P 500 now that member Cooper Industries (CBE) is being bought by Eaton (ETN). The price, despite the gain, is still a bargain Citi says. Firm estimates when DG is added to the S&P 500, passive indexers will need to buy about 29.2 million shares, equal to 9.5 days of average daily volume. This demand would drive an estimated 6% increase in the stock price, excluding any overhang from shares sold by current holders, firm says. (karen.talley@dowjones.com)

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