XME ETF: Time to Check Out Metals and Mining Stocks?
TipRanks (Thu, 25-Apr 12:07 AM ET)
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CHRD, AA, FUSN, LABP
PRNewswire (Tue, 23-Apr 1:05 PM ET)
Alcoa raised at Morgan Stanley on cost saving measures
Seeking Alpha News (Mon, 22-Apr 2:24 PM ET)
Analysts Offer Insights on Materials Companies: Alcoa (AA), PPG Industries (PPG) and Ingevity (NGVT)
TipRanks (Mon, 22-Apr 4:20 AM ET)
Alcoa Corporation Reports First Quarter 2024 Results
Business Wire (Wed, 17-Apr 4:10 PM ET)
Aluminum And Nickel Prices Jump As Russian Trading Ban Takes Hold
Yolowire (Mon, 15-Apr 9:37 AM ET)
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CHRD, AA, ADTH
PRNewswire (Tue, 2-Apr 10:59 AM ET)
Alcoa Schedules First Quarter 2024 Earnings Release and Conference Call
Business Wire (Tue, 26-Mar 4:30 PM ET)
Alcoa Corporation Announces Closing of Inaugural Green Bond Offering
Business Wire (Thu, 21-Mar 4:30 PM ET)
Alcoa Enters into Binding Agreement to Acquire Alumina Limited
Business Wire (Mon, 11-Mar 6:42 PM ET)
Alcoa Corp is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is a bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain. The company segments include Bauxite; Alumina and Aluminum. It generates maximum revenue from the Aluminum segment. Geographically, it derives a majority of its revenue from the United States.
Alcoa Common trades on the NYSE stock market under the symbol AA.
As of April 25, 2024, AA stock price declined to $35.33 with 2,191,916 million shares trading.
AA has a beta of 1.72, meaning it tends to be more sensitive to market movements. AA has a correlation of 0.19 to the broad based SPY ETF.
AA has a market cap of $6.34 billion. This is considered a Mid Cap stock.
Last quarter Alcoa Common reported $3 billion in Revenue and -$.81 earnings per share. This beat revenue expectation by $39 million and missed earnings estimates by -$.26.
In the last 3 years, AA stock traded as high as $98.09 and as low as $23.07.
The top ETF exchange traded funds that AA belongs to (by Net Assets): IJH, VTI, VB, XME, VBR.
AA has underperformed the market in the last year with a price return of -6.1% while the SPY ETF gained +23.3%. However, in the short term, AA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +19.1% vs +3.8% return in SPY. But in the last 2 weeks, AA shares have been beat by the market, returning -2.4% compared to an SPY return of -2.4%.
AA support price is $34.94 and resistance is $37.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AA stock will trade within this expected range on the day.