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|GNC Holdings Larger Than S&P 500 Component Allegheny Technologies
Friday, November 21, 4:38 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component GNC ...
JetBlue Airways Moves Up In Market Cap Rank, Passing Allegheny Technologies
Friday, November 21, 4:39 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component JetBlue ...
July 2015 Options Now Available For Allegheny Technologies (ATI)
Monday, November 24, 11:50 AM ET, by Market News Video Staff
Investors in Allegheny Technologies, Inc (ATI) saw new options begin trading today, for the July ...
AmTrust Financial Services Larger Than S&P 500 Component Allegheny Technologies
Tuesday, November 25, 4:38 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component AmTrust ...
Allegheny Technologies Becomes #120 Most Shorted S&P 500 Component, Replacing TECO Energy
Wednesday, November 26, 4:31 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 11/14/2014 ...
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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