International L.P. Elliott Acquires 68,000 Shares of Arconic Inc (ARNC) Stock
While it's been very quiet on the Arcam/GE front, there's been a whirlwind of activity at Arconic. The latest involves Arcams's second largest investor, Elliott.
Arconic Inc (NASDAQ:ARNC) major shareholder International L.P. Elliott acquired 68,000 shares of the business’s stock in a transaction on Thursday, February 9th. The stock was bought at an average cost of $27.91 per share, for a total transaction of $1,897,880.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
International L.P. Elliott also recently made the following trade(s):
•On Friday, February 10th, International L.P. Elliott acquired 85,000 shares of Arconic stock. The stock was bought at an average cost of $29.18 per share, for a total transaction of $2,480,300.00.
•On Tuesday, February 7th, International L.P. Elliott acquired 34,000 shares of Arconic stock. The stock was bought at an average cost of $26.36 per share, for a total transaction of $896,240.00.
•On Thursday, February 2nd, International L.P. Elliott acquired 306,000 shares of Arconic stock. The stock was bought at an average cost of $25.32 per share, for a total transaction of $7,747,920.00.
•On Tuesday, January 24th, International L.P. Elliott acquired 544,000 shares of Arconic stock. The stock was bought at an average cost of $21.61 per share, for a total transaction of $11,755,840.00.
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