NEW YORK, NY / ACCESSWIRE / July 17, 2018 / Shares of MER Telemanagement Solutions skyrocketed on Monday without a catalyst to explain the jump. Shares of Arconic Inc. also moved higher on potential buyout news and the company also had three exciting developments.
RDI Initiates Coverage on:
MER Telemanagement Solutions Ltd.
MER Telemanagement Solutions Ltd. shares closed up nearly 80% on a little over 17 million shares traded on Monday. The stock hit a new high of $6.45 yesterday despite any catalyst to explain the explosive moves. Shares dipped 10.92% in after-hours trading and took back some of the day's earlier gains. The company provides solutions for telecommunications expense management (TEM), enterprise mobility management, and online and mobile video advertising worldwide. The company operates in three segments: Enterprise, Service Providers, and Video Advertising. It offers TEM suite software platform that helps organizations to reduce operational expenses, enhance productivity, and optimize networks and services associated with communications networks and information technology (IT). The stock was one of the top gainers yesterday with trading volume spiking more than 30 times higher than usual.
Access RDI’s MER Telemanagement Solutions Ltd. Research Report at:
Arconic Inc. shares closed up 10.47% on Monday with nearly 16 million shares traded. The stock saw gains as high as 13.9% yesterday after a report from The Wall Street Journal this past Friday said the company has buyout interest from Apollo Global Management and other capital management firms. Arconic also announced three separate exciting developments. 1. The company has announced a large multiyear deal with Boeing where it will supply aluminum sheet and plate for all of the company's models of aircrafts. 2. The company is collaborating with Lockheed Martin to develop 3-D printing techniques and products for aerospace applications and 3. The company has created a new titanium alloy for high-temperature aerospace applications. The president of Arconic Engineered Structures, Jeremy Halford, stated, "ARCONIC-THOR is a breakthrough aerospace material that goes where conventional titanium alloys cannot. Next generation fuel-efficient aero engines are running hotter, presenting a materials challenge for the exhaust systems and adjacent structures. Drawing on our materials science expertise, our engineers formulated ARCONIC-THOR—a powerful titanium solution that can take the heat and unlock significant weight and cost savings for our customers." Shares of the stock are down roughly 30% for the year.
Access RDI’s Arconic Inc. Research Report at:
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
For any questions, inquiries, or comments reach out to us directly at:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.