Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Companhia Siderurgica Nacional Breaks Below 200-Day Moving Average - Notable for SID
Wednesday, August 13, 11:09 AM ET, by Market News Video Staff
In trading on Wednesday, shares of Companhia Siderurgica Nacional (SID) crossed below their 200 day ...
Ex-Dividend Reminder: Mobile Mini, Moody's and Allegheny Technologies
Thursday, August 14, 10:10 AM ET, by Market News Video Staff
On 8/18/14, Mobile Mini, Inc. (MINI), Moody's Corp.. ...
Interesting ATI Put And Call Options For April 2015
Monday, August 18, 11:58 AM ET, by Market News Video Staff
Investors in Allegheny Technologies, Inc (ATI) saw new options become available today, for the April ...
Tuesday Sector Leaders: Energy, Materials
Tuesday, August 26, 2:32 PM ET, by Market News Video Staff
In afternoon trading on Tuesday, Energy stocks are the best performing sector, up 0.8%. Within ...
RIO Makes Notable Cross Below Critical Moving Average
Thursday, August 28, 11:20 AM ET, by Market News Video Staff
In trading on Thursday, shares of Rio Tinto plc (RIO) crossed below their 200 day ...
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 »
Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial .
This Article's Word Cloud: