Large Inflow of Money Witnessed in Alcoa

Alcoa (NYSE:AA) : $52.22 million worth of transactions were on upticks in Alcoa (NYSE:AA), compared to $48.08 million on downticks. The ratio between the two was 1.09, whereas, the net money flow stood at a healthy $4.14 million on Wednesdays session.The block trades show a bullish bias with only $9.9 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $13.47million worth of trades. The up-down ratio between the uptick and downtick was 1.36, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $3.56 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -2.47%. The stock was trading at $9.1, with a drop of $0.23 over the previous days close. The stock recorded -2.99% for the week.


In an insider trading activity, Schmidt Ulrich, director of Alcoa Inc. had purchased 5,000 shares on April 26, 2016 in a transaction. The price per share was $10.25 and the total amount of the disclosed transaction was $51,250.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices. 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 69.28% of Alcoa shares. During last six month period, the net percent change held by insiders has seen a change of -0.72%.

The company shares have dropped -15.72% from its 1 Year high price. On Apr 29, 2016, the shares registered one year high at $11.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.47 and the 200 Day Moving Average price is recorded at $9.16. Alcoa (NYSE:AA): The stock opened at $9.51 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.52 for the day. The stock traded down to $9.01 during the day, due to lack of any buying support eventually closed down at $9.10 with a loss of -2.47% for the day. The stock had closed at $9.33 on the previous day. The total traded volume was 37,163,307 shares.

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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