Allegheny Technologies Incorporated (ATI) Moves Higher on Volume Spike for September 05

Equities Staff  |

Allegheny Technologies Incorporated (ATI) traded on unusually high volume on Sep. 05, as the stock gained 0.8% to close at $20.04. On the day, Allegheny Technologies Incorporated saw 3.1 million shares trade hands on 13,535 trades. Considering that the stock averages only a daily volume of 1.88 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $30.18 and $17.03 over the last 52-weeks, its 50-day SMA is now $21.58, and its 200-day SMA $24.33. Allegheny Technologies Incorporated has a P/B ratio of 1.25. It also has a P/E ratio of 14.

Allegheny Technologies supplies specialty metals to a variety of end markets, including aerospace and defense, energy, medical, and automotive. Some of the company's major product lines include titanium and nickel-based alloys. Additionally, Allegheny manufactures flat-rolled stainless steel products. Its product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.

Headquartered in Pittsburgh, PA, Allegheny Technologies Incorporated has 8,800 employees and is currently under the leadership of CEO Robert S. Wetherbee.

For a complete fundamental analysis analysis of Allegheny Technologies Incorporated, check out’s Stock Valuation Analysis report for ATI.

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To get more information on Allegheny Technologies Incorporated and to follow the company’s latest updates, you can visit the company’s profile page here: ATI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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