Alcoa Corp’s recently made public that its EVP & CHRO Jones Tammi A unloaded Company’s shares for reported $0.81 million on Mar 13 ’24. In the deal valued at $30.78 per share,26,468 shares were sold. As a result of this transaction, Jones Tammi A now holds 41,166 shares worth roughly $1.51 million.
Then, Jones Tammi A sold 1,440 shares, generating $44,165 in total proceeds. Upon selling the shares at $30.67, the EVP & CHRO now owns 9,265 shares.
UBS initiated its Alcoa Corp [AA] rating to a Sell in a research note published on January 16, 2024; the price target was $29. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in early December with a ‘”a Hold”‘ rating. BofA Securities also remained covering AA and has decreased its forecast on October 23, 2023 with a “Neutral” recommendation from previously “Buy” rating. Argus revised its rating on July 24, 2023. It rated AA as “a Hold” which previously was an “a Buy”.
Price Performance Review of AA
On Monday, Alcoa Corp [NYSE:AA] saw its stock jump 3.89% to $36.57. Over the last five days, the stock has gained 0.63%. Alcoa Corp shares have risen nearly 7.56% since the year began. Nevertheless, the stocks have fallen -10.67% over the past one year. While a 52-week high of $42.23 was reached on 04/12/24, a 52-week low of $23.07 was recorded on 02/26/24. SMA at 50 days reached $30.38, while 200 days put it at $29.64. A total of 9.86 million shares were traded, compared to the trading of 7.49 million shares in the previous session.
Levels Of Support And Resistance For AA Stock
The 24-hour chart illustrates a support level at 36.16, which if violated will result in even more drops to 35.75. On the upside, there is a resistance level at 37.28. A further resistance level may holdings at 38.00. The Relative Strength Index (RSI) on the 14-day chart is 65.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.47%. Stochastics %K at 71.94% indicates the stock is a holding.
