Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alcoa Corp shares valued at $1,009,431 were sold by Bacchi Renato on Oct 22 ’24. At $42.29 per share, Bacchi Renato sold 23,867 shares. The insider’s holdings dropped to 57,317 shares worth approximately $1.41 million following the completion of this transaction.
Also, Bacchi Renato purchased 23,867 shares, netting a total of over 1,009,430 in proceeds.
As published in a research note from BofA Securities on April 08, 2025, Alcoa Corp [AA] has been rated down from a Buy to an Underperform and the price target has been revised to $26. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 17, 2024, B. Riley Securities has increased its “Neutral” rating to a “Buy” for AA. Earlier on October 01, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for AA stock which previously was a “a Neutral”.
Analyzing AA Stock Performance
During the last five days, there has been a drop of approximately -2.08%. Over the course of the year, Alcoa Corp shares have dropped approximately -35.07%. Shares of the company reached a 52-week high of $40.62 on 01/21/25 and a 52-week low of $21.53 on 04/09/25. A 50-day SMA is recorded $29.99, while a 200-day SMA reached $35.55.
Support And Resistance Levels for Alcoa Corp (AA)
According to the 24-hour chart, there is a support level at 23.89, which, if violated, would cause prices to drop to 23.24. In the upper region, resistance lies at 24.89. The next price resistance is at 25.24. RSI (Relative Strength Index) is 40.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 50.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
