Arconic (ARNC) shares are down some 30% so far this year.

Wall Street Journal report cited sources pointing to private equity interest in the firm. 

"The stock is so low, I'm sure someone feels they can do better," said TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

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