23-Apr-2024
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)
INVESTIGATION UPDATE: Halper Sadeh LLC Investigates CHRD, AA, NGM, SCTL
Globe Newswire (Sat, 9-Mar 8:58 AM 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 23, 2024, AA stock price declined to $36.06 with 7,117,677 million shares trading.
AA has a beta of 1.68, meaning it tends to be more sensitive to market movements. AA has a correlation of 0.18 to the broad based SPY ETF.
AA has a market cap of $6.47 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 stock has underperformed the market in the last year with a return of -4.5%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AA shares. However, AA has outperformed the market in the last 3 month and 2 week periods, returning +30.9% and -0.8%, while SPY returned +4.9% and -2.5%, respectively. This indicates AA has been having a stronger performance recently.
AA support price is $35.19 and resistance is $37.51 (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.