Allegheny Technologies Climbs 7.2% On News Of Saudi Contract (ATI)

Shares of Allegheny Technologies Inc. ATI ended the Friday trading session up 7.2% at $57.62 per share. Allegheny Technologies Inc announced on Thursday after the market closed that it had been awarded a contract to supply much of the commercially pure titanium to be used in the world's largest seawater desalination plant, to be built in Ras Az Zawr, Saudi Arabia. Friday''s trading range for shares of Allegheny Technologies Inc. (ATI) was between $53.90 and $57.74 per share. The consensus price target of analysts covering the company's stock is $57.50 per share. Volume of 3 million shares was nearly double the daily average volume of 1.6 million shares. Read more from Benzinga's Company news.