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What's Up With Tempur Pedic & Sealy? | PowerOptions Web Log
Stock and stock option volume for Tempur Pedic (TPX) and Sealy (ZZ) popped up on the radar yesterday. Tempur Pedic’s stock price was up 11% yesterday and Sealy’s was up 6%. After hours, Sealy reported results which were in line with expectations. Sealy said in their conference call that they are beginning to see signs that consumers are beginning to recover from the recession. Tempur Pedic manufactures, distributes and markets bedding products worldwide. Tempur Pedic is known for turning a technology developed by NASA for relieving the tremendous g-forces experienced by astronauts into a bed mattress providing superior comfort. Sealy manufactures and markets bedding products as well. Sealy’s brands include: Sealy Posturpedic, Stearns & Foster and Basset. Could the interest in Tempur Pedic and Sealy yesterday be caused soley by Sealy’s earnings and conference call or is something else in the air? We could certainly see some consolidation in the...