Baker Hughes Trading Volume Surges 61.69% to $261 Million Ranking 360th in Market

On June 9, 2025, Baker Hughes (BKR) saw a significant increase in trading volume, with a turnover of $261 million, marking a 61.69% rise from the previous day. This surge placed Baker Hughes at the 360th position in the day's stock market rankings. The company's stock price also rose by 1.13%, marking the second consecutive day of gains and a total increase of 3.18% over the past two days.

Baker Hughes has announced its decision to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company for $1.15 billion in cash. This strategic move is part of Baker Hughes' ongoing efforts to streamline its operations and focus on its core competencies. The sale is expected to be completed in the coming months, subject to regulatory approvals and other customary closing conditions.

Crane Company, a leading manufacturer of aerospace and defense parts, has expressed optimism about the acquisition. The company anticipates a 10% return on investment within five years, with an annual growth rate of 4-6%. This acquisition aligns with Crane's strategy to expand its product offerings and enhance its market position in the industrial and energy sectors.