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Arconic Inc. (ARNC) Jumped On Boeing Contract News

Arconic Inc. (ARNC) announced Monday morning that it has signed a multiyear supply contract with Boeing (BA).

Arconic gapped up sharply Monday, but pared its gains in early trade, before settling into a range. The stock closed up by 1.82 at $19.20 on above average volume. Arconic broke out of a trading range and set a 2 1/2 month high.

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