Company Shares of Alcoa Rally 0.95%

Alcoa (NYSE:AA) has climbed 0.95% in the past week and advanced 5.16% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.16% and the outperformance has advanced to 4.2% for the last 4 weeks period.

Alcoa (NYSE:AA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.45 and $9.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.58, notching a gain of 2.02% for the day. The total traded volume was 29,220,778 . The stock had closed at $9.39 on the previous day.

The company shares have dropped -19.70% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $12.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.65 and the 200 Day Moving Average price is recorded at $9.13.

On the companys insider trading activities, Schmidt Ulrich, director of Alcoa Inc., executed a transaction worth $51,250 on April 26, 2016. A total of 5,000 shares were purchased at an average price of $10.25. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Bank of America upgrades its ratings on Alcoa (NYSE:AA). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 23, 2016. Currently the company Insiders own 0.59% of Alcoa shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.88% . Institutional Investors own 69.29% of Alcoa shares. During last six month period, the net percent change held by insiders has seen a change of -0.72%.

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.

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