-
Benzinga's Insider Buys Of The Week: Arconic, Ocwen Financial And More
Sunday, February 11, 2018 - 11:28am | 621Read More...Insider buying can be an encouraging signal for potential investors. Post-earnings sell-offs prompted some insiders to buy shares this past week. And a prominent fund manager added to his stake in one financial company. Conventional wisdom says that insiders and 10-percent owners only...
-
London Tower Fire Fallout: Arconic Shares Dive After Company Pulls Panels From Market
Monday, June 26, 2017 - 2:37pm | 325Read More...Shares of Arconic Inc (NYSE: ARNC) plunged 6 percent after the company said it was pulling its facade material — used as cladding for the London high-rise fire that killed at least 79 people earlier this month — off the global market. Arconic, which was spun off from Alcoa Corp (NYSE:...
-
A Timeline Of Arconic's Rancorous Battle With Elliott Management
Tuesday, May 23, 2017 - 2:25pm | 425Read More...A proxy battle between Arconic Inc (NYSE: ARNC) and Elliott Management, an activist investor and major shareholder, ended on Monday. As part of an agreement between the two entities, Elliott will nominate three cirectors and Arconic will elect two members on May 25. Deutsche Bank's Jorge...
-
Arconic CEO Resigns After 'Unauthorized' Letter To Hedge Fund
Tuesday, April 18, 2017 - 1:20pm | 668Read More...Shares of Arconic Inc (NYSE: ARNC) were trading down Tuesday after an initially positive market reaction to the departure of CEO Klaus Kleinfeld. Kleinfeld resigned Monday after sending an unauthorized letter to activist stakeholder Elliott Management, according to Arconic’s announcement of...
-
Earnings Season On Deck: How Has Q3 Guidance Looked So Far?
Wednesday, October 12, 2016 - 4:06pm | 905Read More...Third-quarter reporting season is barely upon us, with Alcoa Inc (NYSE: AA), officially or unofficially, chiming the season in. The tidings weren't exactly encouraging. Despite the aluminum giant having lost its luster as a bellwether, its results did have the gravity to move the markets. Alcoa's...
-
A Lot Is Riding On Alcoa's Earnings Call, Bloomberg Says
Monday, October 10, 2016 - 10:56am | 422Read More...Alcoa Inc (NYSE: AA)'s quarterly earnings report marks the unofficial start to earnings season. This time around there is a lot riding on its earnings report, at least according to Bloomberg. Alcoa will report its final earnings report on Tuesday before the 128-year-old company splits into two...
-
Alcoa Offers Further Details On Its Proposed Business Spin
Wednesday, June 29, 2016 - 1:04pm | 239Read More...Shares of Alcoa Inc (NYSE: AA) were trading lower by more than 2 percent on Wednesday after the company provided an update on its proposed spin-off of its business. Alcoa announced back in September 2015 it will split its Value-Add and Upstream businesses into two separate public companies by...
-
Alcoa Earnings Are Coming Soon...And UBS Is Above Consensus
Wednesday, March 30, 2016 - 11:36am | 273Read More...Alcoa Inc (NYSE: AA) will kick start the first-quarter earnings season by reporting its quarterly numbers on April 11, and UBS's earnings estimate is above the consensus. The lightweight metals maker is expected to earn $0.02 a share on revenue of $5.16 billion, which is lower than $0.28 earnings...
