Alcoa Inc. (AA) Files Form 4 Insider Buying : Martin Sorrell Buys 1,990 Shares

Alcoa Inc. (AA): Martin Sorrell , director of Alcoa Inc. purchased 1,990 shares on Jul 13, 2016. The Insider buying transaction was reported by the company on Jul 15, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.73 per share for a total value of $21,363.45 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 15, 2016, Ratan Tata (director) purchased 2,045 shares at $10.73 per share price.On Apr 28, 2016, Ulrich Schmidt (director) purchased 5,000 shares at $10.25 per share price.Also, On Apr 26, 2016, Olivier M Jarrault (Executive Vice President) sold 12,810 shares at $10.23 per share price.On Apr 20, 2016, Martin Sorrell (director) purchased 2,100 shares at $10.35 per share price.

Alcoa Inc: On Friday, Jul 15, 2016 heightened volatility was witnessed in Alcoa Inc which led to swings in the share price. The shares opened for trading at $10.72 and hit $10.96 on the upside , eventually ending the session at $10.92, with a gain of 1.96% or 0.21 points. The heightened volatility saw the trading volume jump to 2,30,56,511 shares. The 52-week high of the share price is $11.5 and the company has a market cap of $14,361 M . The 52-week low of the share price is at $6.14.

Alcoa Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Alcoa Inc is Upgraded by BofA/Merrill to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 23, 2016.Alcoa Inc is Initiated by Goldman to Neutral and the brokerage firm has set the Price Target at $9. The Rating was issued on May 19, 2016.Alcoa Inc is Initiated by Rosenblatt to Buy and the brokerage firm has set the Price Target at $15. The Rating was issued on Apr 26, 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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