Spectrum Brands Inc. (SPB) announced Wednesday morning that it will explore strategic options for its Global Batteries & Appliances businesses with the intention to sell them this year.
Spectrum Brands gapped up at the open Wednesday and rose steadily during the first hour of trade. Shares finished with a gain of 9.58 at $118.94 on above average volume. The stock broke out of a month and a half long trading range and set a 5-month high.
by RTT Staff Writer
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