AA Stock Summary and Trading Ideas (Alcoa Common | NYSE:AA)

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 19, 2024, AA stock price climbed to $35.53 with 7,762,015 million shares trading.

AA has a beta of 1.92, meaning it tends to be more sensitive to market movements. AA has a correlation of 0.21 to the broad based SPY ETF.

AA has a market cap of $6.38 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 -14.8%, while SPY returned +21.2%. 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 +33.2% and -1.2%, while SPY returned +4.3% and -3.5%, respectively. This indicates AA has been having a stronger performance recently.

AA support price is $34.31 and resistance is $36.63 (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.