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|Friday Sector Leaders: Technology & Communications, Materials
Friday, June 13, 2:49 PM ET, by Market News Video Staff
Looking at the sectors faring best as of midday Friday, shares of Technology & Communications ...
Monday Sector Laggards: Financial, Materials
Monday, June 16, 2:57 PM ET, by Market News Video Staff
Looking at the sectors faring worst as of midday Monday, shares of Financial companies are ...
Spirit Airlines Moves Up In Market Cap Rank, Passing Allegheny Technologies
Monday, June 16, 4:37 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Spirit ...
RIO Makes Bullish Cross Above Critical Moving Average
Monday, June 23, 11:42 AM ET, by Market News Video Staff
In trading on Monday, shares of Rio Tinto plc (RIO) crossed above their 200 day ...
First Week of August 16th Options Trading For Allegheny Technologies (ATI)
Tuesday, June 24, 11:03 AM ET, by Market News Video Staff
Investors in Allegheny Technologies, Inc (ATI) saw new options begin trading this week, for the ...
Snag This Bargain Metals Stock Even Cheaper Than Director Corvi Did
By Metals Channel Staff, Tuesday, November 13, 4:30 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 7, Allegheny Technologies, Inc's Director, Carolyn Corvi, invested $27,218.70 into 1,000 shares of ATI, for a cost per share of $27.22. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Tuesday, bargain hunters could buy shares of Allegheny Technologies, Inc (NYSE:ATI) and achieve a cost basis even cheaper than Corvi, with shares changing hands as low as $27.09 per share. Allegheny Technologies, Inc shares are currently trading down about 4.2% on the day. The chart below shows the one year performance of ATI shares, versus its 200 day moving average:
Looking at the chart above, ATI's low point in its 52 week range is $26.26 per share, with $53.00 as the 52 week high point — that compares with a last trade of $27.06. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
According to the ETF Finder at ETF Channel, ATI makes up 4.00% of the Steel ETF (AMEX:SLX) which is trading lower by about 1.1% on the day Tuesday.
See what other ETFs contain ATI »
See what other stocks are held by SLX »
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