How Will the Market React to Alcoa Corp (AA) Stock Getting a Bullish Rating

Thursday, August 6, 2020 3:52 PM | InvestorsObserver Analysts

Overall market sentiment has been high on Alcoa Corp (AA) stock lately. AA receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Alcoa Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AA!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With AA Stock Today?

Alcoa Corp (AA) stock has gained 1.67% while the S&P 500 has fallen 0% as of 3:37 PM on Thursday, Aug 6. AA is higher by $0.25 from the previous closing price of $14.69 on volume of 7,441,690 shares. Over the past year the S&P 500 has gained 15.47% while AA has fallen -24.89%. AA lost -$3.46 per share in the over the last 12 months.

To screen for more stocks like Alcoa Corp click here.

More About Alcoa Corp

Alcoa is a vertically integrated aluminum company involved in every phase of aluminum production, including bauxite mining, alumina refining, and the manufacture of primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain.

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