Will altm go up after before 12pm

Arcadium Lithium (ALTM) is likely to experience a significant increase in its stock price before the market closes at 12 PM. Here's the analysis to support this prediction:

1. Recent Acquisition Announcement: Rio Tinto's announcement of acquiring Arcadium Lithium for $6.7 billion is a significant event that has already led to a substantial pre-market increase of 30.9% in ALTM's stock price. This acquisition news is likely to continue generating positive sentiment among investors well into the post-market session.

2. Premium Valuation: Rio Tinto's offer price of $5.85 per share represents a 90% premium over Arcadium's closing price, which is likely to be viewed as a positive catalyst for the stock's price.
3. Market Reaction: The market has reacted positively to the news of the acquisition, with ALTM's stock price jumping 30.78% on the day the news broke. This reaction is likely to continue as investors digest the implications of the acquisition.
4. Strategic Positioning: The acquisition is seen as a strategic move by Rio Tinto to capitalize on the lithium market, which is expected to grow significantly with the increasing demand for battery-grade lithium. This growth potential is likely to be reflected in the stock price.
5. Support Level: The stock has shown support at the $4 level, which could now serve as a launching point for a further increase in the stock price.