Alcoa Corp’s filing revealed 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 $1.67 million.
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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.
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Morgan Stanley upgraded its Alcoa Corp [AA] rating to an Overweight from a an Equal-weight in a research note published on June 21, 2024; the price target was increased to $50 from $36.50. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late April from “an Underweight” to “an Equal-weight”. UBS began covering AA with “Sell” recommendation on January 16, 2024. HSBC Securities started covering the stock on December 07, 2023. It rated AA as “a Hold”.
Price Performance Review of AA
On Monday, Alcoa Corp [NYSE:AA] saw its stock jump 0.40% to $40.56. Over the last five days, the stock has gained 7.02%. Alcoa Corp shares have risen nearly 19.29% since the year began. Nevertheless, the stocks have risen 21.40% over the past one year. While a 52-week high of $45.48 was reached on 05/30/24, a 52-week low of $23.07 was recorded on 02/26/24. SMA at 50 days reached $39.10, while 200 days put it at $31.24. A total of 4.96 million shares were traded, compared to the trading of 6.5 million shares in the previous session.
Levels Of Support And Resistance For AA Stock
The 24-hour chart illustrates a support level at 40.13, which if violated will result in even more drops to 39.70. On the upside, there is a resistance level at 41.28. A further resistance level may holdings at 42.00. The Relative Strength Index (RSI) on the 14-day chart is 52.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.91%. Stochastics %K at 42.51% indicates the stock is a holding.
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