ATI a takeover target?

Andrew Lee, an analyst with TD Securities who specializes in ATI, has said that ATI is the possible target of a stock takeover, according to a report at the National Post. ATI’s stock saw a much-needed boost at the end of the week, fueling speculation that ATI is possibly being courted or even targeted for a hostile buy. The stock hovered around CAN$14.50 for most of the week, but after a dip Thursday to $14.00, the stock shot up to 15.77, up 8.6 percent for the entire week. It had reached a peak of $15.90, which is still a far cry from the $25 range enjoyed before June, when the stock started to tank. Shares hit their 52-week low on July 7, at $13.90.

ATI must hurry up.. that much is evident. Maybe they have something big up their sleeves.. or at least hopefully. Check out the full post here. Original post: TechPowerUp!.