Howmet shares plunge after SpaceX in-house gas-turbine plans
Howmet Aerospace (HWM) is down almost 20% from its previous record high as investors react to SpaceX plans to make gas-turbine components in-house. Citi says the selloff has gone too far.
Howmet Aerospace Inc. (HWM, Financials) is down almost 20% from its previous record high after investors reacted to SpaceX plans to make gas-turbine components in-house. Citi said the selloff has gone too far and placed Howmet on a 30-day upside catalyst watch.