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Allegheny Technologies (ATI) Jumps: Stock Rises 9.7%

By Zacks Investment ResearchStock MarketsAug 23, 2017 08:36AM ET
www.investing.com/analysis/allegheny-technologies-ati-jumps-stock-rises-97-200209039
Allegheny Technologies (ATI) Jumps: Stock Rises 9.7%
By Zacks Investment Research   |  Aug 23, 2017 08:36AM ET
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Allegheny Technologies Incorporated (NYSE:ATI) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $17.14 to $19.11 in the past one-month time frame.

The company has seen four negative estimate revisions in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved lower in the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Allegheny Technologies currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked stock in the Steel - Speciality industry is Voestalpine AG (OTC:VLPNY) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is ATI going up? Or down? Predict to see what others think: Up or Down

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Allegheny Technologies Incorporated (ATI): Free Stock Analysis Report

Voestalpine AG (VLPNY): Free Stock Analysis Report

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Zacks Investment Research
Allegheny Technologies (ATI) Jumps: Stock Rises 9.7%
 

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Allegheny Technologies (ATI) Jumps: Stock Rises 9.7%

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