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

Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and the eighth-largest aluminum producer. Profits are closely tied to prevailing commodity prices along the aluminum supply chain.Alcoa was the first mass producer of aluminum, launching the world-changing Hall-Heroult smelting process in the 1880s, making aluminum affordable. It listed as a public company in 1925. In 2016, Alcoa spun off its automotive and aerospace metal parts segment to focus on mining, smelting, and refining. It bought the 40% unowned balance of AWAC in mid-2024, meaning refining assets are now predominantly wholly owned, as with smelting.

Alcoa Common trades on the NYSE stock market under the symbol AA.

As of January 8, 2025, AA stock price declined to $36.00 with 3,287,776 million shares trading.

AA has a beta of 1.75, 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 $9.30 billion. This is considered a Mid Cap stock.

Last quarter Alcoa Common reported $3 billion in Revenue and $.57 earnings per share. This fell short of revenue expectation by $-66 million and exceeded earnings estimates by $.29.

In the last 3 years, AA 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): VTI, IJH, VB, VBR, VXF.

AA has underperformed the market in the last year with a price return of +13.3% while the SPY ETF gained +27.5%. AA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.5% and -6.8%, respectively, while the SPY returned +4.2% and -2.0%, respectively.

AA support price is $35.20 and resistance is $37.28 (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 shares will trade within this expected range on the day.