My undergrad degree was in History and I think I always look at things in a historical perspective. The street just has not bought Tenneco's numbers in the past. Look at each quarter and you will see this upward blip and then a downward slip (oh a poem).
Same thing after good news or good actions taken by Tenneco like the layoffs and the contract with Sears. It gets hyper and then calms down to it's lowest common denominator.
As I have said before on this post. Look at the past. She will go lower tomorrow. $1.40 by weeks end.