Large Outflow of Money Witnessed in Alcoa

Alcoa (NYSE:AA) traded on a positive note gaining 0.04 points or 0.42% to be valued at $9.53 per share. Intraday, the shares aggregated $1.65 million in upticks but saw an exodus of $3.26 million in downticks. The net money flow was calculated to be $(-1.6) million with the final up/down ratio coming in at 0.51. The share price has seen a change of 0.11% in value during the week. Block trade of up/down ratio of 0.17 was also registered with $0.31 million in upticks and $1.77 million in downticks. The net money flow for the block exchange was disappointing at $(-1.47) Million.


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

Alcoa (NYSE:AA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.17 points or 1.79% at $9.32 with 13,053,837 shares getting traded. Post opening the session at $9.47, the shares hit an intraday low of $9.32 and an intraday high of $9.605 and the price was in this range throughout the day. The company has a market cap of $12,257 million and the number of outstanding shares have been calculated to be 1,315,107,290 shares. The 52-week high of Alcoa (NYSE:AA) is $12.105 and the 52-week low is $6.14.

Many analysts have stated their opinion on the company shares. Bank of America upgrades their rating on the shares of Alcoa (NYSE:AA). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 23, 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.

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