Allegheny Technologies Incorporated (ATI) : Traders are bullish on Allegheny Technologies Incorporated (ATI) as it has outperformed the S&P 500 by a wide margin of 10.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.74%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 14.42% in the last 1 week, and is up 15.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 16.46% and the 50-Day Moving Average is 17.4%.
Allegheny Technologies Incorporated (NYSE:ATI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.30 and $15.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.63, notching a gain of 1.63% for the day. The total traded volume was 4,135,571 . The stock had closed at $15.38 on the previous day.
The company Insiders own 1.45% of Allegheny Technologies Incorporated shares according to the proxy statements. Institutional Investors own 81.36% of Allegheny Technologies Incorporated shares. In a related news, Powers Elizabeth C, officer (Senior VP, CHRO) of Allegheny Technologies Inc, executed a transaction worth $52,150 on December 16, 2015. A total of 5,000 shares were purchased at an average price of $10.43. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Allegheny Technologies Incorporated is a specialty materials and components producer. The Companys standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It operates through two business segments: High Performance Materials & Components and Flat Rolled Products. Its High Performance Materials & Components segment produces, converts and distributes high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys. Its Flat Rolled Products segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys.