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[20] [21] [22] It traded on the New York Stock Exchange under the ARNC ticker. [ 23 ] [ 24 ] [ 25 ] In July 2018, Arconic announced a two-year joint development agreement with aerospace manufacturer Lockheed Martin , focused on technologies like metal 3D printing to produce new lightweight structures and systems, [ 26 ] and a new long-term ...
Does Arconic (ARNC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Let's take a look into the factors that make Arconic (ARNC) stock a compelling choice at the moment.
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On February 8, 2019, Arconic announced that it would split into two separate businesses. [19] Arconic Inc. would be renamed Howmet Aerospace Inc. and a new company, Arconic Corporation, would be set up and spun out. Arconic Corporation will be focused on rolled aluminum products, and Howmet Aerospace will focus on engineered products. [20]
In the latest trading session, Arconic (ARNC) closed at $25.98, marking no change from the previous day.
The two ratings add up to a Moderate Buy consensus rating alongside an average analyst price target of $33 (11.9% upside potential). Shares have gained about 264.9% over the past year.