Seeking Alpha

GT Advanced continues rally; Morgan Stanley discloses 5.3% stake

  • Morgan Stanley has disclosed a 6.7M-share (5.3%) passive stake in GT Advanced (GTAT +2%). (13G)
  • The disclosure is helping shares move higher in the face of a market selloff. They rallied yesterday after 9to5 Mac posted documents indicating Apple plans to start sapphire production at its Mesa, AZ facility in February.
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