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Haynes International Shares Popped: What You Need to Know

By Alyce Lomax | More Articles
January 26, 2011 | Comments (1)

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What: Shares of Haynes International (Nasdaq: HAYN  ) popped 11.7% in intraday trading today, although there seems to be no recent news on this company.

So what: Haynes International operates in an unsexy industry, providing nickel- and cobalt-based alloys for use in manufacturing. What prompted the stock's major pop today is anybody's guess.

Now what: Investors should steer clear of buying stocks that reflect a sudden surge of inexplicable bullishness. Haynes doesn't even look like a bargain stock, since it trades at 66 times earnings. If there's no real catalyst, it's a good time to count to 10 and do more research.

Interested in more info on Haynes International? Add it to your watchlist.

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Alyce Lomax does not own shares of Haynes International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 26, 2011, at 8:01 PM, X4000 wrote:

    it's up in sympathy with ATI, its direct competitor, who issued strong revenue guidance today

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Related Tickers

5/25/2012 3:59 PM
HAYN $54.61 Down -1.14 -2.04%
Haynes Internation… CAPS Rating: *****

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