GrafTech (NYSE:GTI) Shares Up on Acquisitions of Seadrift, C/G Electrodes

Shares of GrafTech International Ltd. (NYSE:GTI) are making a nice move today on the news they've completed their acquisitions of Seadrift Coke L.P. and C/G Electrodes.

Seadrift is the second largest producer of petroleum-based needle coke in the world. CG Electrode is a producer of graphite electrodes.

Trading volume on the day is closing in on almost three times the daily 3-month average.

GrafTech was trading at $19.47, gaining $0.84, or 4.51 percent as of 1:42 PM EST. They're near the top end of the 52- week range of $11.68 - $19.61.