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
Daily and Weekly Charts look
Private equity company would buy Arconic for more than $11 billion, according to the report.
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