Garrett Motion Inc. (spun out of Honeywell) designs, manufactures and sells highly engineered turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket.
Shares of Garrett Motion (NYSE: GTX) were up more than 30% as of 2:10 p.m. EDT today, while the S&P 500 index was dropping by almost 3.5%. The stock has been volatile as it battles with former parent Honeywell (NYSE: HON) over potential liability payments. When Garrett Motion was spun off from former parent Honeywell in 2018, its market capitalization was about $1.4 billion.
Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Garrett Motion Inc. ("Garrett" or the "Company") (NYSE: GTX) resulting from allegations that Garrett might have issued misleading information to the investing public.