Kennametal Inc
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Industrials : Machinery | Small Cap Blend
Company profile

Kennametal Inc. is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense. The Infrastructure segment generally serves customers that operate in the earthworks and energy sectors supporting primary industries, such as oil and gas, power generation, underground, surface and hard-rock mining, highway construction and road maintenance. It provides wear-resistant products, application engineering and services backed by material science serving customers across various sectors. The Company's product offerings include a selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as materials, such as cemented tungsten carbide products and super alloys.

Closing Price
$28.26
Day's Change
0.59 (2.13%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.24
Day's Low
27.81
Volume
(Light)
Volume:
352,548

10-day average volume:
672,111
352,548

Boeing's stock tumbles as pullback accelerates, could shave nearly 170 points off the Dow's price

9:14 am ET June 11, 2020 (MarketWatch)
Print

Shares of Boeing Co. (BA) took a 12.2% dive in premarket trading Thursday, as the pullback is accelerating into its third day. The stock's implied price decline on Thursday would shave about 166 points off the Dow Jones Industrial Average's price, while Dow futures tumbled 897 points, or 3.3%. The aerospace and defense giant's stock had lost 11.8% over the previous two sessions, to snap a six-day win streak in which the stock had soared 58.0%. On Wednesday, Boeing supplier Spirit AeroSystems Holdings Inc. (SPR) said it was told by Boeing to pause additional work on four 737 MAX shipsets and avoid starting production on 16 737 MAX shipsets that were scheduled to be delivered this year. As a result, Spirit said it will furlough certain employees. Boeing's stock has gained 7.6% over the past three months through Wednesday but has still tumbled 37.6% year to date, while the Dow has slipped 5.4% this year.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 11, 2020 09:14 ET (13:14 GMT)

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