Large Outflow of Money Witnessed in Alcoa Corporation

Shares of Alcoa Corporation (AA) traded 0.3 points or 0.82% higher at $36.75.The total intraday money flow for the shares came in at a disappointing $(-1.35) million. The total upticks amounted to $2.44 million and the total downticks were approximately $3.79 million, with the up/down ratio of 0.64. On a different note, the shares have seen 0.21% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $1.28 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-1.28) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Alcoa Corporation (NYSE:AA) witnessed a decline in the market cap on Wednesday as its shares dropped 0.52% or 0.19 points. After the session commenced at $36.58, the stock reached the higher end at $37.19 while it hit a low of $36.2. With the volume soaring to 2,905,397 shares, the last trade was called at $36.26. The company has a 52-week high of $38.94. The company has a market cap of $6,633 million and there are 182,931,000 shares in outstanding. The 52-week low of the share price is $20.

Company has reported several Insider transactions to the SEC, on Nov 16, 2016, Robert Sean Collins (Exec VP and Controller) sold 40,447 shares at 29.55 per share price.On Oct 14, 2016, Martin Sorrell (director) purchased 820 shares at 26.75 per share price.On Oct 14, 2016, Ratan Tata (director) purchased 845 shares at 26.75 per share price.

Alcoa Inc Last issued its quarterly earnings results on Jan 24, 2017. The company reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.10. Analyst had a consensus of $0.24. The company had revenue of $2537.00 million for the quarter, compared to analysts expectations of $2365.54 million. The companys revenue was up 3.5% compared to the same quarter last year.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Alcoa Inc was Upgraded by Citigroup to Buy on Jan 25, 2017. Company shares were Reiterated by Maxim Group on Jan 25, 2017 to Hold, Raises Price Target to $ 46 from a previous price target of $36 .Alcoa Inc was Upgraded by Macquarie to Outperform on Dec 20, 2016. Alcoa Inc was Downgraded by Citigroup to Neutral on Dec 5, 2016. Alcoa Inc was Initiated by Cowen on Nov 7, 2016 to Market Perform, Price Target of the shares are set at $29.

Alcoa is a global industry leader in bauxite, alumina and aluminum products.


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