Howmet Aerospace Rallies 26.2% Last Month as Cramer Bulls, Fisher Sells 66.4% Stake
Jim Cramer said Howmet Aerospace often sees stock jumps after technology presentations, praising its “sweet spot” positioning and citing an 800% rally over five years with a 26.2% gain last month. Fisher Asset Management cut its stake by 66.4%, selling 5,189 shares and holding 2,628 shares.
1. Jim Cramer Bullish on Howmet Aerospace
Jim Cramer highlighted Howmet’s upcoming technology presentation and noted that the stock frequently jumps after such events, citing an 800% gain over the past five years and a 26.2% increase in the last month, calling the company “in the sweet spot.”
2. Fisher Asset Management Reduces Stake
Fisher Asset Management sold 5,189 shares of Howmet Aerospace during the quarter, reducing its position by 66.4% and retaining 2,628 shares, a move that could signal institutional profit-taking and influence near-term supply and investor sentiment.