Alcoa Inc. (AA): Olivier M Jarrault , Executive Vice President of Alcoa Inc. sold 12,810 shares on Apr 25, 2016. The Insider selling transaction was reported by the company on Apr 26, 2016 to the Securities and Exchange Commission. The shares were sold at $10.23 per share for a total value of $131,046.30 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 20, 2016, Martin Sorrell (director) purchased 2,100 shares at $10.35 per share price.On Apr 20, 2016, Ratan Tata (director) purchased 2,150 shares at $10.36 per share price.Also, On Feb 11, 2016, John C Plant (director) purchased 30,000 shares at $7.68 per share price.On Feb 4, 2016, Arthur D Jr Collins (director) purchased 50,000 shares at $6.93 per share price.
Shares of Alcoa Inc (AA) ended Friday, Apr 22, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.19% at $10.4 with 2,01,71,712 shares getting traded. Post opening the session at $10.45, the shares hit an intraday low of $10.32 and an intraday high of $10.64 and the price vacillated in this range throughout the day. The company has a market cap of $13,674 M and the number of outstanding shares has been calculated to be 1,31,48,45,890 shares. The 52-week high of Alcoa Inc is $14.285 and the 52-week low is $6.14.
On Mar 29, 2016, Alcoa Inc announced a cash dividend of $0.0300. The company’s management has announced May 4, 2016 as the ex-dividend date and fixed the record date on May 6, 2016. The payable date has been fixed on May 25, 2016.
Company has been under the radar of several Street Analysts.Alcoa Inc is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 13 from a previous price target of $14 . The Rating was issued on Apr 12, 2016.Alcoa Inc is Initiated by Credit Suisse to Outperform. The Rating was issued on Mar 11, 2016.Alcoa Inc is Initiated by Berenberg to Hold and the brokerage firm has set the Price Target at $9. The Rating was issued on Mar 3, 2016.Alcoa Inc is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 3, 2016.Alcoa Inc is Reiterated by Cowen to Market Perform while Lowering the Price Target of the company shares to $ 10 from a previous price target of $13 . The Rating was issued on Mar 2, 2016.
Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina Primary Metals Global Rolled Products and Engineered Products and Solutions. Its products which include aluminum titanium and nickel are used in aircraft automobiles commercial transportation packaging building and construction oil and gas defense consumer electronics and industrial applications across the world. It also produces and manages primary aluminum fabricated aluminum and alumina combined through its active participation in the aspects of the industry including technology mining refining smelting fabricating and recycling. The Company has investments and operating activities in Australia Brazil China Guinea Iceland Russia and Saudi Arabia among others. It produces three dimensional (3D-printed) titanium specialty metals and plastic parts for aerospace medical and energy applications.