Chaparral Steel Company's Stock Jumps
13% Today
12/21/2005
After the market closed on Tuesday, Chaparral
Steel Company (CHAP) released its latest quarterly results
which showed that profits
surged more than 50% despite higher energy costs. In after-hours
trading, the company's stock price rose 6.1%.
When trading commenced on Wednesday, Chaparral's
stock jumped 13.7% from the previous day's close on trading
volume nearly five times above the company's normal trading
volume. Chaparral was added to our Primary
Stock Portfolio in late October and is up over 30% in
two months.
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