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Allegheny Technologies (ATI) Catches Eye: Stock Jumps 7%

Allegheny Technologies IncorporatedATI was a big mover last session, as the company saw its shares rise 7% 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 $24.83 to $26.94 in the past one-month time frame.

The move came after the company reported impressive second-quarter 2018 results.

The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past month, while the Zacks Consensus Estimate has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Allegheny Technologies Incorporated Price

Allegheny Technologies Incorporated Price | Allegheny Technologies Incorporated Quote

Investors interested in the Basic Materials sector may consider BHP Billiton Limited BHP , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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