Commercial Vehicle Group's 10% Move A Fluke?

Following a 9.6-percent spike in Commercial Vehicle Group, Inc. (NASDAQ: CVGI) Tuesday, the company IR head told Benzinga he was unaware of any factors meriting such price activity.

“[Commercial Vehicle Group] has not issued any news today, and I’m not aware of other specific news that may be driving this,” the spokesperson said.

A Briefing headline suggested possible positive newsletter reports but provided no additional details, and an early-morning report on Sports Perspectives and Market News delineated previously disclosed stakes taken by institutional investors, including Tudor Investment Corp, Russell Investments Group, Royce & Associates, Hapanowicz & Associates Financial Services, Ironwood Investment Management and GSA Capital Partners.

While the latter report released nothing new, it may have been enough to motivate unaware investors.

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