Why GT Advanced Technologies (GTAT) Stock Is On The Rise Today

NEW YORK (TheStreet) -- Shares of GT Advanced Technologies Inc. (GTAT) are rising 1.37% to $18.52 on Monday after it announced a realignment of manufacturing, engineering and supply chain resources, which includes the elimination of approximately 70 positions.

GT said the realignment would result in a one-time charge of $13.4 million over its second and third quarters, although it's not expected to impact the company's non-GAAP financial results.

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