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  "documentTitle": "Arconic Inc. (ARNC)",
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  "presentationDate": "2017-04-11 00:00:00",
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  "notes": "Uses dual-axis charts to correlate trading volume spikes with share price appreciation post-announcement.",
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      "text": "The Arconic stock price increase caused by the shareholder call for managerial change occurred on the back of a material increase in trading volume, further highlighting that the market believes Arconic is worth more without Dr. Kleinfeld at the helm",
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      "text": "Elliott as Percent of Traded Volume vs Total Market Trading Volume",
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      "text": "Total Market Trading Volume vs Arconic Share Price",
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      "text": "Immediately before the shareholder call for managerial change, demand for Arconic stock was elevated by Elliott share purchases. Elliott accounted for approximately 11% of total stock market trading volume from January 1, 2017 to January 30, 2017",
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      "text": "The Arconic stock price increase caused by the shareholder call for managerial change occurred on the back of a material increase in trading volume, further highlighting that the market believes Arconic is worth more without Dr. Kleinfeld at the helm",
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      "text": "After the January 31st call for change, the 10-day total market trading volume of Arconic stock increased by over 125%. During this period, Elliott's trading volume decreased by ~40%, and accounted for less than 1.6% of total volume",
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      "text": "Arconic Share Price: 125%",
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      "text": "Source: Bloomberg. 1. Arconic stock trading volume increase calculated using the 10 trading days prior to and after the shareholder call for managerial change. Elliott participation calculated during 10 trading days following the January 31, 2017 call for change",
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      "text": "The Arconic stock price rally following the shareholder call for managerial change reflects the voice of numerous shareholders",
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      "text": "The Market Has Spoken Loudly",
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