Large Inflow of Money Detected in Alcoa

Alcoa (AA) : Wednesdays money flow data in Alcoa (AA) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $8.23 million, whereas, $6.91 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.19, in favor of the bulls. The total money flow into the stock was $1.31 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $1.2 million. The total value of block trades done on upticks was $1.36 million. The value of bearish trades on downticks was only $0.16 million.The up/down ratio in the block trades was a healthy 8.74 in favor of the bulls, suggesting strong buying in the stock by large traders. Alcoa (AA) fell $0.16 and traded at $10.47, down -1.51% for the day, over previous days close. On a weekly basis, the shares are -4.12% over the previous weeks close.


Also, Morgan Stanley maintains their rating on the shares of Alcoa (NYSE:AA). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $12 per share from $11 per share. The rating by the firm was issued on June 30, 2016.

Alcoa (NYSE:AA): The stock opened at $10.51 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.63 for the day. The stock traded down to $10.35 during the day, due to lack of any buying support eventually closed down at $10.61 with a loss of -0.19% for the day. The stock had closed at $10.63 on the previous day. The total traded volume was 16,305,409 shares.

The stock has recorded a 20-day Moving Average of 7.19% and the 50-Day Moving Average is 10.26%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Alcoa Inc., Sorrell Martin, had purchased 1,990 shares in a transaction dated on July 13, 2016. The transaction was executed at $10.73 per share with total amount equaling $21,353.

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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