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|Wednesday Sector Laggards: Energy, Materials
Wednesday, June 17, 2:34 PM ET, by Market News Video Staff
The worst performing sector as of midday Wednesday is the Energy sector, showing a 0.3% ...
Memorial Resource Development Moves Up In Market Cap Rank, Passing Allegheny Technologies
Wednesday, June 17, 4:44 PM ET, by Market News Video Staff
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Memorial ...
Thursday Sector Laggards: Energy, Materials
Thursday, June 18, 2:31 PM ET, by Market News Video Staff
In afternoon trading on Thursday, Energy stocks are the worst performing sector, showing a 0.1% ...
YieldBoost Allegheny Technologies From 2.3% To 20.2% Using Options
Tuesday, June 23, 11:32 AM ET, by Market News Video Staff
Shareholders of Allegheny Technologies, Inc (ATI) looking to boost their income beyond the stock's 2.3% ...
The New #71 Most Shorted S&P 500 Component: Allegheny Technologies
Friday, June 26, 3:35 PM ET, by Market News Video Staff
The most recent short interest data has been released by the NASDAQ for the 06/15/2015 ...
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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