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Finally there may be some light at the end of the tunnel for Tempur stockholders as shares record their first rise in several weeks.
Following 'buy, buy, buy' advice from Morgan Keegan analyst Laura Champine last week, recovery may be in the air after Tempur regained stability to finish Thursday over a dollar up on Monday's close figure.
Yahoo! Finance statistics show Tempur opened the week on Monday March 10th at $15.94 with a high of $16.21, but a $15.52 low saw shares end the day down on $15.56.
Tuesday's figures brought the first sign of change, starting on $16.05 with a high of $16.50 and a low of $15.80, to close 32 cents up at $16.37.
Wednesday 12th shares rose slowly but steadily, opening on $16.33 and posting a high that pushed past the $17 dollar mark and a low just three cents down of opening at $16.30, giving a close figure of $16.70.
Thursday 13th continued the trend, opening on $16.47 and recording a high of $17.05, and - despite a low of $15.80 - finishing 86 cents up on Monday's opening price.
It has been a rollercoaster ride for Tempur shareholders in the last six months, with shares hitting an all-time high in September 2007 at $37.87, before declining to a record low of $15.10 last week.
Classic Bed Company is the UK's premier bed store for ultimate comfort and luxury offering Tempur, Vi Spring, Willis and Gambier and French Sleigh beds.
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