Open Question
Kabirm,
ACM finally hit 30 after hours, I'm guessing it popped on fluor earnings
announcement. Last quarter it had a run-up INTO fluor's earnings, then dropped
after announcement. I'm not sure of all of the details of fluor's conference
call last quarter (trying to find some relevance to ACM's reaction last
quarter). I'll be watching tomorrow.
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Last quarter flr reported on Feb. 28th. On Feb. 27th there was a lot of
negative press on infrastructure stocks being hit by housing slump fallout. So,
looks like ACM may have run-up into FLR earnings and then was hit by negative
market sentiment on infrastructure.
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