Why Howmet Aerospace Stock Rocketed More Than 12% Skyward Today
The company impressed with both its trailing performance in challenging conditions, and its profitability guidance. Even by the very bullish standards of stock trading on Wednesday, Howmet Aerospace (HWM 12.43%) was an outlier in the best way possible. On news of a massive earnings beat by the aerospace company, investors piled into the stock, sending its share price over 12% higher on the day. That compared extremely favorably to the frothy S&P 500 (^GSPC 2.53%), which booked a relatively generous gain of ...