Alcoa Corp’s recent filing unveils 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 $1.7 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.
BofA Securities upgraded its Alcoa Corp [AA] rating to a Buy from a a Neutral in a research note published on October 01, 2024; the price target was increased to $52 from $43. Wolfe Research also remained covering AA and has increased its forecast on September 04, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. UBS revised its rating on August 12, 2024. It rated AA as “a Buy” which previously was an “a Sell”.
Price Performance Review of AA
On Tuesday, Alcoa Corp [NYSE:AA] saw its stock fall -1.20% to $41.30. Over the last five days, the stock has gained 9.46%. Alcoa Corp shares have risen nearly 21.47% since the year began. Nevertheless, the stocks have risen 55.38% 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 $34.23, while 200 days put it at $34.36.
Levels Of Support And Resistance For AA Stock
The 24-hour chart illustrates a support level at 40.93, which if violated will result in even more drops to 40.56. On the upside, there is a resistance level at 41.74. A further resistance level may holdings at 42.18. The Relative Strength Index (RSI) on the 14-day chart is 66.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.49%. Stochastics %K at 93.06% indicates the stock is a selling.
How much short interest is there in Alcoa Corp?
A steep rise in short interest was recorded in Alcoa Corp stocks on 2024-09-30, dropping by -1.37 million shares to a total of 10.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.37 million shares. There was a decline of -13.67%, which implies that there is a negative sentiment for the stock.
