Why Crane NXT Stock Surged by 15% Today
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Crane NXT's stock surged by 15% amid a generally down market, driven by increased guidance for its U.S. currency printing activities. The company anticipates high-single-digit growth in this sector for 2026, based on a Federal Reserve print order for 3.8 to 5.1 billion banknotes, valued between $109 billion and $140 billion. CEO Aaron Saak expressed confidence in the company's trajectory, with further updates expected during the upcoming third-quarter results conference call, likely in early November.
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