Shares of Alcoa (AA) Sees Large Outflow of Money

Alcoa (AA) : Net money flow in Alcoa (AA) was negative ($6.2 million) and the inflow of money on uptick was $22.8 million, whereas, the outflow of money on downticks amounted to $29 million on Monday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.79. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $3.32 million. On the other hand, the total value of block trades done on downticks was $6.66 million. The ratio of uptick to downtick block trades was 0.5. The money flow in block trades was negative ($3.33). Alcoa (AA) gained $0.35 cent during the day and reached $10.52, a gain of 3.39% over the previous day.


Shares of Alcoa Inc. appreciated by 0.67% during the last five trading days but lost 3.38% on a 4-week basis. Alcoa Inc. is up 13.69% in the last 3-month period. Year-to-Date the stock performance stands at 7.67%.

Alcoa (NYSE:AA): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.25 and $10.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.52, notching a gain of 3.44% for the day. The total traded volume was 13,211,910 . The stock had closed at $10.17 on the previous day.

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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