Large Inflow of Money Detected in Alcoa

Alcoa (AA): $9.45 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 1.63. The value of trades done on upticks was $24.47 million, whereas, trades done on downticks were valued at $15.01 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $10.63 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $3.46 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 3.07 was strongly in favor of the bulls. The money flow in block trades was $7.17 million. Alcoa (AA) fell $0.09 traded at $10.17, a change of -0.88% over the previous day. The stock is 1.7% for the week.


Also, Equity Analysts at the Morgan Stanley maintains the rating on Alcoa (NYSE:AA). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $11 per share to $12 per share. The rating by the firm was issued on June 30, 2016.

Alcoa Inc. has lost 3.14% in the last five trading days and dropped 2.58% in the last 4 weeks. Alcoa Inc. is up 9.67% in the last 3-month period. Year-to-Date the stock performance stands at 4.09%.

Alcoa (NYSE:AA): The stock opened at $10.22 on Tuesday but the bulls could not build on the opening and the stock topped out at $10.26 for the day. The stock traded down to $10.06 during the day, due to lack of any buying support eventually closed down at $10.17 with a loss of -0.88% for the day. The stock had closed at $10.26 on the previous day. The total traded volume was 11,270,300 shares.

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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