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ARNC - Arconic's latest strategic shift brings 3% thud as CEO can't answer questions
Arconic Inc.
Arconic's (NYSE:ARNC) flurry of news today - better than expected Q4 earnings, a new spinoff plan and a fresh round of stock buybacks along with a dividend cut - probably should have resulted in gains for the stock, but shares instead sank 3.3% because Acting CEO John Plant failed to provide answers to relatively simple questions, writes Heard On The Street's Charley Grant.