An acquisition announcement had a number of unrelated auto parts suppliers' stocks rallying.
News & Analysis: Tenneco
The OEM auto supplier closed a big acquisition, and then the problems really started to hit.
TEN earnings call for the period ending March 31, 2019.
The auto parts specialist's acquisition and breakup plan has yet to pay dividends.
It was a terrible month for Tenneco, with the real pain starting after the auto parts supplier announced earnings.
A rough fourth quarter and weak guidance caused the stock to crash.
TEN earnings call for the period ending December 31, 2018.
TEN earnings call for the period ending September 30, 2018.
On a day stocks rebounded, Verifone Systems announced it is being taken private and Tenneco revealed acquisition and reorganization plans.
Just the facts, Fool.