Alcoa Corp’s filing revealed that its Officer Bacchi Renato acquired Company’s shares for reported $1.01 million on Oct 22 ’24. In the deal valued at $42.29 per share,23,867 shares were bought.
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Then, Jones Tammi A sold 26,468 shares, generating $814,582 in total proceeds. Upon selling the shares at $30.78, the EVP & CHRO now owns 41,166 shares.
Before that, Jones Tammi A sold 1,440 shares. Alcoa Corp shares valued at $44,165 were divested by the EVP & CHRO at a price of $30.67 per share. As a result of the transaction, Jones Tammi A now holds 9,265 shares, worth roughly $0.39 million.
B. Riley Securities upgraded its Alcoa Corp [AA] rating to a Buy from a a Neutral in a research note published on October 17, 2024; the price target was increased to $50 from $41. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. Wolfe Research revised its rating on September 04, 2024. It rated AA as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of AA
On Tuesday, Alcoa Corp [NYSE:AA] saw its stock jump 1.20% to $42.02. Over the last five days, the stock has gained 1.74%. Alcoa Corp shares have risen nearly 23.59% since the year began. Nevertheless, the stocks have risen 75.01% 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 $35.37, while 200 days put it at $34.59.
Levels Of Support And Resistance For AA Stock
The 24-hour chart illustrates a support level at 41.54, which if violated will result in even more drops to 41.07. On the upside, there is a resistance level at 42.65. A further resistance level may holdings at 43.29. The Relative Strength Index (RSI) on the 14-day chart is 64.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.31%. Stochastics %K at 80.25% 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.
