Company Shares of Allegheny Technologies Incorporated Rally 0.97%

Allegheny Technologies Incorporated (NYSE:ATI) has climbed 0.97% in the past week and advanced 20.84% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.18% and the outperformance has advanced to 19.73% for the last 4 weeks period.

Allegheny Technologies Incorporated (NYSE:ATI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.55 and $13.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.57, notching a gain of 1.04% for the day. The total traded volume was 4,024,773 . The stock had closed at $13.43 on the previous day.

The company shares have dropped -56.74% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $32.51 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $13.54 and the 200 Day Moving Average price is recorded at $13.06.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior VP, CHRO) of Allegheny Technologies Inc, Powers Elizabeth C, had purchased 5,000 shares in a transaction dated on December 16, 2015. The transaction was executed at $10.43 per share with total amount equaling $52,150.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Bank of America upgrades its outlook on Allegheny Technologies Incorporated (NYSE:ATI). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Underperform. The rating by the firm was issued on May 23, 2016. Currently the company Insiders own 1.45% of Allegheny Technologies Incorporated shares according to the proxy statements. Institutional Investors own 81.47% of Allegheny Technologies Incorporated shares.

Allegheny Technologies Incorporated is a specialty materials and components producer. The Companys standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It operates through two business segments: High Performance Materials & Components and Flat Rolled Products. Its High Performance Materials & Components segment produces, converts and distributes high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys. Its Flat Rolled Products segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys.

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