The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Alcoa Corp shares valued at $814,582 were sold by Jones Tammi A on Mar 13 ’24. At $30.78 per share, Jones Tammi A sold 26,468 shares. The insider’s holdings dropped to 41,166 shares worth approximately $1.37 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Jones Tammi A sold 1,440 shares, netting a total of over 44,165 in proceeds. Following the sale of shares at $30.67 each, the insider now holds 9,265 shares.
As published in a research note from UBS on August 12, 2024, Alcoa Corp [AA] has been rated up from a Sell to a Buy and the price target has been revised to $38 from $32. Analysts at Wolfe Research upgraded the stock from ‘”an Underperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early August. As of June 21, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for AA. Earlier on April 22, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for AA stock which previously was a “an Underweight”.
Analyzing AA Stock Performance
During the last five days, there has been a surge of approximately 7.04%. Over the course of the year, Alcoa Corp shares have dropped approximately -2.09%. Shares of the company reached a 52-week high of $45.48 on 05/30/24 and a 52-week low of $24.86 on 02/26/24. A 50-day SMA is recorded $35.84, while a 200-day SMA reached $32.93. Nevertheless, trading volume fell to 4.22 million shares from 5.1 million shares the previous day.
Support And Resistance Levels for Alcoa Corp (AA)
According to the 24-hour chart, there is a support level at 32.79, which, if violated, would cause prices to drop to 32.29. In the upper region, resistance lies at 33.92. The next price resistance is at 34.55. RSI (Relative Strength Index) is 50.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.48, which suggests the price will increase in the coming days. Percent R is at 19.13%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
