What happened Shares of Alcoa (AA) traded down more than 10% on Thursday after the aluminum producer reported fourth-quarter results that were worse than expected. Alcoa said it expects a worldwide surplus in aluminum this year, which it says will weigh on results despite the company's efforts to streamline.
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Is Alcoa stock headed to a 52-week high?
Mar 25, 2022 · What happened. The stock of Alcoa (NYSE: AA) has become unstoppable. Shares of the aluminum giant surged this week and hit a 52-week high just this morning. As of 10:30 a.m. ET on Friday, the ...
Is Alcoa a money machine as aluminum prices rise?
Jul 20, 2021 · What happened. Alcoa (NYSE: AA) shares shot through the roof on Tuesday, jumping as high as 10.7% as of 2:40 p.m. EDT. With yet another analyst joining the bandwagon who believes Alcoa shares have...
Why did aluminium stocks jump up today?
Apr 16, 2021 · What happened. Alcoa (NYSE: AA)stock raced out of the gate Friday, as shares of the metals giantjumped 5.6% through 10 a.m. EDT. …
Will aluminum prices hit all-time highs after Australia's ban?
Oct 15, 2021 · What happened. Alcoa shares are on fire Friday, jumping as much as 14% as of 10:45 a.m. EDT and hitting 52-week highs of $55.89 a share. The aluminum stock stunned the market with its third ...
Is Alcoa stock a good buy?
Alcoa - Buy Zacks' proprietary data indicates that Alcoa is currently rated as a Zacks Rank 1 and we are expecting an above average return from the AA shares relative to the market in the next few months.
Why is Alcoa down today?
That pretty much explains why Alcoa shares fell today. Prices of base metals are headed lower on the back of weak economic data from China, the world's largest metals consumer. Earlier this week, data coming from China revealed lower-than-expected 6.4% growth in industrial production for July.Aug 19, 2021
Is Alcoa overvalued?
Overall, The stock of Alcoa (NYSE:AA, 30-year Financials) is believed to be significantly overvalued. The company's financial condition is fair and its profitability is poor. Its growth ranks worse than 82% of the companies in Metals & Mining industry.Jun 5, 2021
What company owns Alcoa?
The company is a wholly owned subsidiary of the Alcoa Corporation (previously Alcoa Inc), a United States-based bauxite, alumina and aluminium products refiner.
Why is Alcoa going up today?
Summary. Alcoa is going to see its revenues increase as aluminum inventories continue to decrease and prices continue to rapidly increase. Russia's invasion has led to a massive disruption of the energy markets in Europe. In turn, this has led to the input costs of aluminum to soar in Europe.Mar 7, 2022
Who are Alcoa competitors?
Alcoa's top primary aluminum producing competitors are Aluminum Corporation of China Limited (CHALCO), UC Rusal, Rio Tinto, China Hongqiao Group Limited, China Power Investment Corporation, Emirates Global Aluminium (EGA), Shandong Xinfa Aluminum, Norsk Hydro ASA, and East Hope Group.
Is Alcoa still a company?
On November 1, 2016, Alcoa Inc. split into two new entities: Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminum, and Arconic, which processes aluminum and other metals.
Is Alcoa now Kaiser?
FOOTHILL RANCH, Calif. , April 01, 2021 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), today announced that it has completed its acquisition of Alcoa Warrick LLC , containing all the assets of the Warrick Rolling Mill (“Warrick”), from Alcoa Corporation (“Alcoa”) for a purchase price of $670 million .Apr 1, 2021
When did Alcoa go public?
November 1, 2016on November 1, 2016 and began operating as an independent, publicly-traded company listed on the New York Stock Exchange under the symbol “AA.” Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more ...