Chart Industries Inc
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Industrials : Machinery | Small Cap Growth
Company profile

Chart Industries, Inc. is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical. The E&C and D&S segments manufacture products used in energy-related and industrial applications, such as the separation, liquefaction, distribution and storage of hydrocarbon and industrial gases. Through the BioMedical segment, it manufactures and supplies medical devices, including cryogenic and non-cryogenic equipment, used in respiratory healthcare. The Company also manufactures and supplies products for life sciences, including biological research and animal breeding. Applications in the BioMedical segment include Respiratory Therapy, Life Sciences, Commercial Oxygen and Nitrogen Generation.

Price
Delayed
$87.40
Day's Change
3.53 (4.21%)
Bid
--
Ask
--
B/A Size
--
Day's High
89.07
Day's Low
80.00
Volume
(Heavy Day)

Today's volume of 926,604 shares is on pace to be much greater than GTLS's 10-day average volume of 472,438 shares.

926,604

UPDATE: Hertz's stock more than doubles after securing $1.7 billion in DIP financing

8:55 am ET October 16, 2020 (MarketWatch)
Print

Shares of Hertz Global Holdings Inc. (HTZ) more than doubled on heavy volume in premarket trading Friday, after the bankrupt rental car company said it secured $1.65 billion in debtor-in-possession (DIP) financing. The company said up to $1 billion of the DIP can be used to provide equity for vehicle purchases in the U.S. and Canada, and up to $800 million can be used for working capital and general corporate purposes. The financing is subject to bankruptcy court approval. The stock rocketed 105% to put it on track to open at the highest price seen during regular-session hours since June. Trading volume swelled to 58.2 million shares, making it the most active stock in the premarket, and already well above the full-day average of about 8.1 million shares. "This new financing will provide additional financial flexibility as we continue to navigate the pandemic's effects on the travel industry and take steps to best position our business for the future," said Chief Executive Paul Stone. The stock has plummeted 93.5% year to date through Thursday, while shares of rival Avis Budget Group Inc. (CAR) have slipped 5.1% and the S&P 500 has gained 7.8%.

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

(END) Dow Jones Newswires

October 16, 2020 08:55 ET (12:55 GMT)

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