ITT Inc
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Industrials : Machinery | Mid Cap Blend
Company profile

ITT Inc. is a manufacturer of engineered critical components and customized technology solutions for the energy, transportation and industrial markets. The Company operates through four segments. The Industrial Process (IP) segment is an original equipment manufacturer and service provider offering a range of industrial pumps, valves and plant optimization systems and services. The Motion Technologies (MT) segment is a manufacturer of braking pads, shims, shock absorbers, damping, and sealing technologies for the transportation industry, including passenger cars, buses, and rail transportation. The Interconnect Solutions (ICS) segment designs and manufactures engineered connectors and cable assemblies for a range of applications in a range of environments. The Control Technologies (CT) segment manufactures equipment, including actuation, fuel management, noise and energy absorption, and environmental control system components, for the aerospace and defense, and industrial markets.

Closing Price
$87.41
Day's Change
-1.61 (-1.81%)
Bid
--
Ask
--
B/A Size
--
Day's High
88.89
Day's Low
86.82
Volume
(Heavy Day)
Volume:
1,254,778

10-day average volume:
528,236
1,254,778

MemeMania: Getting some perspective with NYSE's Peter Tuchman

1:33 pm ET August 24, 2021 (MarketWatch)
Print

Thornton McEnery

Sometimes it's nice to get some perspective.

The wild ride for meme stocks has picked up its pace again in August with big names like GameStop (GME), Clover Health Investments Corp. (CLOV), Palantir Technologies Inc. (PLTR) and AMC Entertainment (AMC) all having a big month, and AMC might be the best place to look to get a sense of what's happening.

When AMC reported earnings on August 9, (https://www.marketwatch.com/story/amc-earnings-day-if-amc-during-covid-was-a-movie-it-would-be-called-recovery-ceo-says-11628543423?mod=article_inline) the movie theater chain's chief executive Adam Aron made it clear that his company's performance was thanks to retail investors and that they are now the biggest owners of his stock.

Aron even went as far as to say that he now essentially works for "the apes," the nickname that retail investors have given themselves on Reddit.

So what does that mean for the future?

If retail folks are going to start taking larger and larger stakes in meme stock companies, will 'the apes' soon control boards at public companies, or is this just another moment in time?

And what should retail traders know about how market disruptions like this have ended in the past?

For perspective, we went to veteran floor trader Peter Tuchman for some thoughts on where we stand in the wild world of meme stocks. Watch the video below.

-Thornton McEnery

	

(END) Dow Jones Newswires

August 24, 2021 13:33 ET (17:33 GMT)

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