TPG sells its entire stake in Armstrong Worldwide

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Bobby Raines 03/13/2014

TPG Advisors, a beneficial owner of Armstrong World Industries ( AWI ) , its entire holdings of 2,054,977 shares of the company's common stock on March 10. At $53.80 per share, TPG pulled in a total of $110,557,760 from the sale.

IK-> The technicals for AWI ($55.11 down $1.32) are bullish with a downward trend. The stock has been recent support has been around $53.44 and recent resistance has been around $56.40. Standard & Poor's has a two STARs (out of five) rating on the stock. Look at the June 60/65 bear-call spread for a 65-cent credit. That's a 14.9% return and the stock has to rise 8.9% to cause a problem.  [InvestorsKeyhole, Various news and data services]




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: AWI

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