InvestorsObserver
×
News Home

Is it Time to Dump Alcoa Corp (AA) Stock After it Has Gained 3.83% in a Week?

Thursday, September 16, 2021 11:53 AM | InvestorsObserver Analysts

Mentioned in this article

Is it Time to Dump Alcoa Corp (AA) Stock After it Has Gained 3.83% in a Week?

Overall market sentiment has been high on Alcoa Corp (AA) stock lately. AA receives a Bullish rating from InvestorsObserver 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 is trading at $49.33 as of 11:47 AM on Thursday, Sep 16, a decline of -$2.33, or -4.51% from the previous closing price of $51.66. The stock has traded between $48.66 and $50.96 so far today. Volume today is light. So far 3,732,631 shares have traded compared to average volume of 7,282,499 shares.

More About Alcoa Corp

Alcoa is a vertically integrated aluminum company whose operations include 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. Click Here to get the full Stock Report for Alcoa Corp stock.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App