Alcoa Corp (NYSE:AA) shares, rose in value, with the stock price down by -3.15% to the previous day’s close as strong demand from buyers drove the stock to $35.65.
Actively observing the price movement in the last trading, the stock closed the session at $36.81. Referring to stock’s 52-week performance, its high was $45.48, and the low was $23.07. On the whole, AA has fluctuated by -4.68% over the past month.
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The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 1.12%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AA currently trading nearly -10.21% and -11.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.56, while the 7-day volatility ratio is showing 4.85% which for the 30-day chart, stands at 3.79%. Furthermore, Alcoa Corp (AA)’s beta value is 2.45, and its average true range (ATR) is 1.70.
A comparison of Alcoa Corp (AA) with its peers suggests the former has fared considerably weaker in the market. AA showed an intraday change of -3.15% in last session, and over the past year, it grew by 1.74%%.
Data on historical trading for Alcoa Corp (NYSE:AA) indicates that the trading volumes over the past 3 months, they’ve averaged 5.27 million. According to company’s latest data on outstanding shares, there are 178.47 million shares outstanding.
Nearly 1.13% of Alcoa Corp’s shares belong to company insiders and institutional investors own 85.07% of the company’s shares. The stock has risen by 4.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AA stock heading into the next quarter.
