Allegheny Technologies (ATI) Surges On Buyout Speculation
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Shares of Allegheny Technologies (NYSE: ATI) are nearly 10% higher in afternoon action on rumors United States Steel (NYSE: X) could buy the company.
According to StreetInsider.com's option specialist, Paul Foster, ATI call option volume is 24,232 contracts versus put volume of 6,053 contracts. ATI April option implied volatility of 57 is above its 6-month average of 48.
Allegheny sells specialty metals including titanium, nickel and other exotic metals and alloys. [LJ]
According to StreetInsider.com's option specialist, Paul Foster, ATI call option volume is 24,232 contracts versus put volume of 6,053 contracts. ATI April option implied volatility of 57 is above its 6-month average of 48.
Allegheny sells specialty metals including titanium, nickel and other exotic metals and alloys. [LJ]
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