Wall Street Rumor is buyout could be announced soon!
ARNC is rumored to be in last minute negotiations for a buyout.
Once this rumor really starts circulating the street, and the stock moves up closer to its 52-week high, it could force the buyout number to become even higher.
Looking at the 52-Week High of around $31.00, we do not see the company being purchased for much less than $31
Aluminum is HOT right now and will be into the future especially with Tariffs on China
If a China deal is announced, the deal should only help ARNC in the event the company is not purchased
EARNINGS ARE GREAT
Daily and Weekly Charts look BULLISH
POSITION: 150,000
PRICE: $20.52
ARNC is rumored to be in last minute negotiations for a buyout.
Once this rumor really starts circulating the street, and the stock moves up closer to its 52-week high, it could force the buyout number to become even higher.
Looking at the 52-Week High of around $31.00, we do not see the company being purchased for much less than $31
Aluminum is HOT right now and will be into the future especially with Tariffs on China
If a China deal is announced, the deal should only help ARNC in the event the company is not purchased
EARNINGS ARE GREAT
Daily and Weekly Charts look BULLISH
POSITION: 150,000
PRICE: $20.52
Comment:
We see the buyout number between $28 and $30 per share.
A deal valued at more than $11 BILLION should put the stock price at an easy $28
With the validated news and rumor now out, the stock should not be trading lower than $28
A deal valued at more than $11 BILLION should put the stock price at an easy $28
With the validated news and rumor now out, the stock should not be trading lower than $28
Private equity company would buy Arconic for more than $11 billion, according to the report.