Dana Holding rises 13% after J.P. Morgan initiates with ‘overweight’ rating

Dana Holding Corporation (NYSE:DAN) is trading more than 13% higher today after J.P. Morgan Securities initiated the global auto parts maker with an “overweight” rating. The Toledo, Ohio-based company came out of bankruptcy earlier this year, though the stock is still down more than 55% since January. At 9:51 ET, shares of Dana Holding Corporation are trading at $5.63, up $0.66 or 13.3% from Monday’s close. Trading volume is at about 1,300 shares, well below the average of 1 million.

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