Alcoa Corp’s filing revealed that its EVP & Chief Commercial Officer Bacchi Renato unloaded 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 sold. As a result of this transaction, Bacchi Renato now holds 57,317 shares worth roughly $1.47 million.
Then, Bacchi Renato bought 23,867 shares, generating $1,009,430 in total proceeds.
BofA Securities downgraded its Alcoa Corp [AA] rating to an Underperform from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. B. Riley Securities also remained covering AA and has increased its forecast on October 17, 2024 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on October 01, 2024. It rated AA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AA
On Friday, Alcoa Corp [NYSE:AA] saw its stock fall -2.76% to $25.71. Over the last five days, the stock has gained 10.25%. Alcoa Corp shares have fallen nearly -31.95% since the year began. Nevertheless, the stocks have fallen -28.70% over the past one year. While a 52-week high of $47.77 was reached on 01/21/25, a 52-week low of $21.53 was recorded on 04/09/25. SMA at 50 days reached $30.68, while 200 days put it at $35.76.
Levels Of Support And Resistance For AA Stock
The 24-hour chart illustrates a support level at 25.36, which if violated will result in even more drops to 25.00. On the upside, there is a resistance level at 26.07. A further resistance level may holdings at 26.42. The Relative Strength Index (RSI) on the 14-day chart is 44.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.68%. Stochastics %K at 74.68% indicates the stock is a holding.
How much short interest is there in Alcoa Corp?
A steep rise in short interest was recorded in Alcoa Corp stocks on 2025-04-15, growing by 4.67 million shares to a total of 15.37 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 10.71 million shares. There was a rise of 30.36%, which implies that there is a positive sentiment for the stock.
