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After-Hour Surge of Meritor Inc (MTOR) Stock Remained Over 6%, Why?

ORC Stock

ORC Stock

The provider of mobility solution for commercial vehicle, Meritor Inc’s (MTOR) shares leapt 6.62% in extended trading on Friday reaching $32.38 after ring of the bell. During the regular session, the stock gained about 2.08% to close the weekend session at $30.37, all that rise came in absence of any related news.

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Company profile:

As a leading global supplier of drivetrain, mobility, spare parts, aftermarket, and traction products for the transportation industry, Meritor, Inc. manufactures and distributes solutions to meet the needs of commercial and industrial customers.

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The company has been offering superior products for more than 110 years, including commercial truck, trailer, off-highway, defense, specialty, and aftermarket customers.

More than 8,600 employees draw their skills and knowledge into manufacturing facilities, engineering centers, joint ventures, distribution centers, and global offices at Meritor, which is based in Troy, Michigan, United States.

Recent developments:

Meritor, Inc. this month reported financial results for its first fiscal quarter that ended Dec. 31, 2020, some highlights of which are as follows:

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