California Resources (CRC) Soars 6.3%: Is Further Upside Left in the Stock?
California Resources Corporation (CRC) shares soared 6.3% in the last trading session to close at $56.33. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.9% gain over the past four weeks.A surge in California Resources' stock price can be attributed to its announced all-stock combination with Berry Corporation, which is immediately accretive to key financial metrics and strengthens CRC’s portfolio. The merger promises significa ...