Why Autoliv Stock Jumped Today

Shares of Autoliv (NYSE: ALV), a global provider of automotive safety systems, jumped as much as 11.3% Friday morning after the company announced record quarterly sales with its second-quarter report. Autoliv reported net year-over-year sales growth of 27% in the second quarter thanks to increases in volume and improved pricing. The quarter set records for sales, operating cash flow, and adjusted operating income since the company spun off its Veoneer unit in 2018.

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