WHR Stock Recent News

Whirlpool (NYSE: WHR ) stock is rising higher on Wednesday as reports claim that Bosch is considering a takeover offer for the appliances company. According to these reports, Bosch is in talks with advisors about making a bid for Whirlpool.

A report says the German engineering company is considering making an offer for the appliance maker.

Whirlpool Corporation (NYSE:WHR), the US home appliance group, rose 20% in premarket trading today after it was revealed that German rival Bosch was considering a takeover bid.  Rober Bosch GmbH is said to have been looking for acquisitions to help boost its large home appliance unit and opened talks with advisors over whether to make a bid, according to reports from Reuters.

German engineering group Robert Bosch GmbH is weighing a bid for U.S. appliances manufacturer Whirlpool , according to three people familiar with the matter, a move that would boost its position in the white goods market.

Whirlpool Corporation stock was down over 35% in the past year due to the housing sector and other challenges. The company has made several moves to reduce operational costs and significantly improve free cash flow. The shares sport nearly an eight percent dividend yield that is covered by the company's free cash flow, and sports a forward P/E of just over seven.

The latest trading day saw Whirlpool (WHR) settling at $88.28, representing a +0.18% change from its previous close.

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Investors need to pay close attention to Whirlpool (WHR) stock based on the movements in the options market lately.

In the latest trading session, Whirlpool (WHR) closed at $86.76, marking a +0.28% move from the previous day.

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