Arconic stock jumps after Klaus Kleinfeld steps down as chair and CEO [CNBC]
Arconic Corporation (ARNC)
Last arconic corporation earnings: 1/27 06:50 am
Check Earnings Report
US:NYSE Investor Relations:
arconic.com/global/en/investors/overview.asp
Company Research
Source: CNBC
show chapters In a surprise move, Klaus Kleinfeld has stepped down as chair and CEO of Arconic and resigned from the company's board after he displayed "poor judgment," Arconic announced on Monday. Shares of the aluminum, titanium, and nickel products manufacturer were initially 9 percent higher following the news. They have since pared their gains, but are still more than 3 percent higher. Arconic said Kleinfeld's departure was not in response to the proxy fight Paul Singer's Elliott Management launched or to the activist investor's criticisms of Arconic and lobbying for it to replace Kleinfeld. "Mr. Kleinfeld stepped down as Chair and CEO by mutual agreement after the Board learned that, without consultation with or authorization by the Board, he had sent a letter directly to a senior officer of Elliott Management that the Board determined showed poor judgment," according to the release. Later, the activist firm said "the letter read as a
Show less
Read more
Impact Snapshot
Event Time:
ARNC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ARNC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ARNC alerts
High impacting Arconic Corporation news events
Weekly update
A roundup of the hottest topics