What's wrong with Navistar (NAV -3.7%)? Perhaps nothing, but traders are edgy as yesterday's...

|About: Navistar International Co... (NAV)|By:, SA News Editor

What's wrong with Navistar (NAV -3.7%)? Perhaps nothing, but traders are edgy as yesterday's offering of 10M shares of common stock is tagged by some analysts a last-ditch effort by the company to raise enough funds to complete an engine supply agreement with Cummins. Another alarming trend, trading in NAV's credit default swaps suggests problems.