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|Allegheny Technologies Breaks Below 200-Day Moving Average - Notable for ATI
Wednesday, October 26, 11:37 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Allegheny Technologies, Inc (ATI) crossed below their 200 day ...
Allegheny Technologies (ATI) Shares Enter Oversold Territory
Thursday, October 27, 11:45 AM ET, by Market News Video Staff
In trading on Thursday, shares of Allegheny Technologies, Inc (ATI) entered into oversold territory, changing ...
ATI Crosses Above Average Analyst Target
Tuesday, November 15, 9:30 AM ET, by Market News Video Staff
In recent trading, shares of Allegheny Technologies, Inc (ATI) have crossed above the average analyst ...
See How Allegheny Technologies Ranks Among Analysts' Top Metals Picks
Thursday, December 1, 12:11 PM ET, by Market News Video Staff
A study of analyst recommendations at the major brokerages shows that Allegheny Technologies, Inc (ATI) ...
Notable Tuesday Option Activity: ATI, ELY, SAGE
Tuesday, January 24, 3:29 PM ET, by Market News Video Staff
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
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.
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