Allegheny Technologies Inc
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Materials : Metals & Mining | Small Cap Blend
Company profile

Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, components and machined parts. The FRP segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys, in a range of product forms, including plate, sheet, engineered strip, and Precision Rolled Strip products.

Price
Delayed
$9.42
Day's Change
0.405 (4.50%)
Bid
--
Ask
--
B/A Size
--
Day's High
9.50
Day's Low
8.83
Volume
(Average)

Today's volume of 985,047 shares is on pace to be in-line with ATI's 10-day average volume of 1,518,409 shares.

985,047

UPDATE: Hertz abandons plan to sell new shares

4:12 pm ET June 18, 2020 (MarketWatch)
Print

Bankrupt Hertz Global Holdings Inc. (HTZ) said in a filing Thursday that its board's finance committee determined it was "in the best interests" of the company to end the plan to sell newly issued stock. Shares of Hertz were halted ahead of the announcement, which follows news on Wednesday that plan was put on hold pending a review by regulators. Hertz filed Monday to sell up to $500 million in shares that would potentially become worthless during the company's restructuring. Hertz filed for bankruptcy on May 22. Earlier Thursday, the Wall Street Journal reported that Hertz was in talks withlenders to get a loan to fund its bankruptcy reorganization. (http://www.marketwatch.com/story/hertz-seeking-bankruptcy-loan-after-stock-sale-fizzled-wsj-2020-06-18) The stock resumed trading late in the session, and was most recently down 6%.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 18, 2020 16:12 ET (20:12 GMT)

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