The deal is 2.81 shares of AA for every share of RTI. The shares holders of RTI have to vote on this. Ask your self this. If you were a RTI share holder how would you vote. This deal is going to fall apart unless the deal is changed. RTI share holders have nothing to gain from this.
The institutions are not stupid. They want there moneys worth and they are not getting it.
And it will not catch a break either. This Stock is dead for at least 6 months.
Any Attempt to rally will bring in massive selling.
AA posted a new 52-week low on Friday. Shares dropped about 1.9% to $12.44 from Thursday’s closing price of $12.68. The stock’s 52-week high is $17.75. Volume totaled about 14.5 million shares, well below the daily average of around 25.3 million shares. The company had no specific news today, but the supply glut of the metal continues to take its toll.
More Pain next week
I guess all this Positive news is bring in new 52 week lows now every day then I would sure hate to see Negative News. Yikes.
Thats all you people ever come up with. Yes Yes Yes there is only one person on this entire board who is not Rah Rah Rah. Get a life !!!!!!!!!!!!!!!
I am surprised to find that it was up 6 of those days. Of course one day was a 3 cent rise and I am sure there were a couple more penny days. This Stock is Dead Dead Money and so many on this board hang on to there false hopes. Dont be surprised that you are blasted now.
Thats odd. Almost a complete reversal of what you said about a month ago. Didnt you say that AA would slowly move up from this point ???? Fact is it took a big dive and will not recover for a long long time. When I said that the Hype rally was almost over you said I was making dumb post. Imagine that !!!!!!!!!!!!!!!
First of all GE is not going to buy AA. Second by the time the other auto companies start using Aluminum on there cars is years away. AA is Dead Money for a long long time.