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Arconic Inc. ($ARNC) Stock Forecast: Up 0.9% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is Arconic Inc.?

Arconic (ARNC) is a company that specializes in lightweight metals engineering and manufacturing. It operates in the aerospace, automotive, and defense industries.

Why is Arconic Inc. going up?

ARNC stock is up 0.9% on Jun 26, 2023 11:00

  • Arconic's bullish movement today could be due to the Hold rating it received from analysts at StockNews.com, indicating that the stock is expected to perform steadily in the near future.
  • The overall market sentiment could also be positive, leading to increased investor confidence in the stock.
  • It's important to note that this bullish movement could be short-lived and subject to change based on future market developments and news.

ARNC Price Chart

ARNC Technical Analysis

ARNC News

Arconic ( NYSE:ARNC ) Earns Hold Rating from Analysts at StockNews.com

Arconic ( NYSE:ARNC ) Earns Hold Rating from Analysts at ... Defense World ...

https://www.defenseworld.net/2023/06/25/arconic-nysearnc-earns-hold-rating-from-analysts-at-stocknews-com.html

0 Missing News Article Image Arconic ( NYSE:ARNC ) Earns Hold Rating from Analysts at StockNews.com

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Arconic Inc. Price History

24.05.2023 - ARNC Stock was down 0.9%

  • ARNC had a strong bearish movement today.
  • StockNews.com started coverage on ARNC and set a "hold" rating on the stock.
  • The M&A Class Action Firm is investigating the merger of ARNC, which may have caused uncertainty and contributed to the bearish movement.

24.05.2023 - ARNC Stock was down 0.9%

  • ARNC had a strong bearish movement today.
  • The M&A Class Action Firm is investigating the merger, which could be causing uncertainty and selling pressure on the stock.
  • StockNews.com started coverage on ARNC with a "hold" rating, which may have contributed to the negative sentiment.
  • Overall, the market seems to be reacting negatively to the news and uncertainty surrounding ARNC's merger.

24.05.2023 - ARNC Stock was down 0.9%

  • ARNC had a strong bearish movement today.
  • StockNews.com started coverage on ARNC with a "hold" rating, but this news is not significant enough to cause the bearish movement.
  • The M&A Class Action Firm is investigating the merger of ARNC, which could be a possible reason for the bearish movement.

24.05.2023 - ARNC Stock was down 0.9%

  • ARNC had a strong bearish movement today.
  • The coverage started by StockNews.com gave a "hold" rating on the stock, which may have contributed to the bearish movement.
  • The investigation by the M&A Class Action Firm into the merger may have also caused uncertainty and led to the bearish movement.

24.05.2023 - ARNC Stock was down 0.9%

  • ARNC had a strong bearish movement today.
  • The M&A Class Action Firm is investigating the merger, which may have caused uncertainty and negative sentiment among investors.
  • StockNews.com started coverage on ARNC with a "hold" rating, which may have also contributed to the bearish movement.

23.05.2023 - ARNC Stock was down 0.9%

  • ARNC had a strong bearish movement today.
  • The research coverage by StockNews.com gave a "hold" rating on the stock, which may have contributed to the negative sentiment.
  • The ongoing investigation by the M&A Class Action Firm into the merger may have also caused uncertainty among investors, leading to the bearish movement.

26.05.2023 - ARNC Stock was up 0.9%

  • Arconic's bullish movement today could be due to the Hold rating it received from analysts at StockNews.com, indicating that the stock is expected to perform steadily in the near future.
  • The overall market sentiment could also be positive, leading to increased investor confidence in the stock.
  • It's important to note that this bullish movement could be short-lived and subject to change based on future market developments and news.

23.05.2023 - ARNC Stock was down 0.9%

  • ARNC had a strong bearish movement today.
  • The research coverage on ARNC by StockNews.com was released on Saturday, which may have influenced the market movement.
  • The ongoing investigation by Monteverde & Associates PC into the merger of ARNC could also be a contributing factor to the bearish movement.

24.05.2023 - ARNC Stock was down 0.9%

  • ARNC had a strong bearish movement today.
  • The M&A Class Action Firm is investigating the merger, which might have caused uncertainty among investors.
  • StockNews.com started coverage on ARNC with a "hold" rating, which might have also contributed to the bearish movement.

24.05.2023 - ARNC Stock was down 0.9%

  • ARNC had a strong bearish movement today.
  • The M&A Class Action Firm is investigating the merger of ARNC, which could have caused uncertainty and negative sentiment among investors.
  • StockNews.com started coverage on ARNC with a "hold" rating, which could have also contributed to the bearish movement.
  • Overall, the news surrounding ARNC today may have caused investors to lose confidence in the company's future prospects, leading to the bearish market movement.

04.04.2023 - ARNC Stock was up 21.7%

  • Today, the stock ARNC had a strong bullish movement due to the following reasons:
  • Apollo Global Management Inc. is reportedly nearing a deal to acquire Arconic Corp. for about $3 billion, which has increased investor confidence in the company's future prospects.
  • The deal is expected to be announced when Arconic reports its Q1 2023 earnings results on Thursday, May 4, which has further fueled investor optimism.
  • The consensus EPS estimate for Q1 2023 is $0.30, and the consensus revenue estimate is $1.85B, which suggests that the company is expected to perform well in the upcoming quarter.
  • The acquisition by Apollo Global Management Inc. is expected to provide Arconic with the necessary resources to expand its operations and enhance its product offerings, which has further boosted investor confidence in the company's future growth potential.

24.05.2023 - ARNC Stock was down 0.9%

  • ARNC had a strong bearish movement today.
  • StockNews.com initiated coverage on ARNC with a "hold" rating, but this news alone is unlikely to have caused the bearish movement.
  • Monteverde & Associates PC, a national securities firm, is investigating the merger of ARNC, which could be a potential reason for the bearish movement.
  • Investors may be concerned about the outcome of the investigation and the impact it could have on the company's future prospects.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.