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On CNBC's Fast Money, Brian Kelly said that Lexmark International, Inc.
LXK suffered a heavy loss on Tuesday, as it posted a lower revenue than it was expected. Its CEO also announced that he is going to retire.
Brian Kelly added that Lexmark International (
LXK) lost around $780 million in market capitalization. He explained that its business didn't change that much over the night and this stock is a buy.
Lexmark International (
LXK) dropped 20.98% today, and closed at $37.71. In the after hours, it jumped 0.80% to $38.01.
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Posted In: CNBCLong IdeasFast MoneyMediaTrading IdeasBrian KellyComputer Storage & PeripheralsInformation Technology
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