Allegheny Technologies Incorporated (ATI) : 5 investment research analysts covering Allegheny Technologies Incorporated (ATI) have an average price target of $16 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $10 for the short term. Analysts expect the variance to be within $4.18 of the average price.
Allegheny Technologies Incorporated (ATI) has shown a rise of 27.7% or 4,818,341 shares in the short positions. The bets have increased to 22,221,810 shares on June 30,2016 from 17,403,469 shares on June 15,2016. With respect to the floated shares, the shorts are 20.7%. The days to cover are calculated to be 6, using the standard per day volume of 3,554,661 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Bank of America upgrades its rating on Allegheny Technologies Incorporated (NYSE:ATI). Analysts at the Bank of America have a current rating of Buy on the shares. The shares were previously rated Underperform. The rating by the firm was issued on May 23, 2016.
Allegheny Technologies Incorporated (NYSE:ATI): stock turned positive on Thursday. Though the stock opened at $15.17, the bulls momentum made the stock top out at $15.57 level for the day. The stock recorded a low of $15.0199 and closed the trading day at $15.38, in the green by 2.47%. The total traded volume for the day was 3,286,185. The stock had closed at $15.01 in the previous days trading.
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.