Streetbeat News

ARNC

Arconic Corporation

https://www.arconic.com/

Employees

4,513

Industry

Alumina Refining and Primary Aluminum Production

keep up with us here to find out how we're helping transform the way we fly, drive, build and power. where more than a century of innovation takes on engineering’s toughest challenges where advanced materials and technologies help transform entire industries we're #innovationengineered.

Open

29.99

Mkt cap

Volume

4.4M

High

30.02

P/E Ratio

-12.55

52-wk high

30.02

Low

29.98

Div yield

N/A

52-wk low

16.33

Arconic Corporation (NYSE: ARNC) has announced that Chris Ayers will become its CEO and Chair of the Board, effective from September 11, 2023. Ayers has served on Arconic's Board of Directors for seven years and held several executive positions in Alcoa, the company's predecessor. Current CEO Tim Myers will continue to serve in an advisory capacity as Arconic's Lead Outside Director of the Board.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:00 pm

Chesapeake Energy Corp. (CHK) will replace Mercury Systems Inc. (MRCY) in the S&P MidCap 400, and Mercury Systems will replace Arconic Corp. (ARNC) in the S&P SmallCap 600 effective August 21, 2023. Apollo Global Management Inc. (APO) is acquiring Arconic in a deal expected to close soon.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 2:20 pm

Arconic (NYSE: ARNC) reported Q2 earnings of $0.58 per share, beating the analyst consensus estimate of $0.38 by 52.63%. However, this is a 44.76% decrease from the same period last year. The company's quarterly sales of $1.99 billion missed the analyst consensus estimate of $2.08 billion by 4.33%, marking a 21.90% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 9:03 pm

Arconic Corporation's shareholders have approved the company's acquisition by funds managed by Apollo, including a minority investment from Irenic Capital Management. Arconic shareholders will receive $30 per share in cash for every share they own prior to the merger. The transaction is expected to close in Q3 2023.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 4:31 pm

The article lists five overbought stocks in the materials sector, which may present an opportunity to go short. The companies mentioned are Alto Ingredients, Inc. (ALTO), Friedman Industries, Incorporated (FRD), Reliance Steel & Aluminum Co. (RS), Arconic Corporation (ARNC), and POSCO Holdings Inc. (PKX). Overbought status is determined by the Relative Strength Index (RSI), with a value above 70 indicating overbought conditions.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 1:11 pm

The Department of Defense (DoD) has entered a $45.5 million agreement with Arconic to expand domestic manufacturing and strengthen US missiles and munitions supply chains.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 5:54 pm

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