B. Riley Securities upgraded Alcoa from Neutral to Buy and set a new price target of $50.00 from $41.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/23/2024 | $48.00 | Hold → Buy | Argus |
| 10/17/2024 | $41.00 → $50.00 | Neutral → Buy | B. Riley Securities |
| 10/1/2024 | $43.00 → $52.00 | Neutral → Buy | BofA Securities |
| 9/25/2024 | $32.00 → $36.00 | Neutral | JP Morgan |
| 9/4/2024 | $36.00 | Peer Perform → Outperform | Wolfe Research |
| 8/12/2024 | $32.00 → $38.00 | Sell → Buy | UBS |
| 8/2/2024 | Underperform → Peer Perform | Wolfe Research | |
| 6/21/2024 | $36.50 → $50.00 | Equal-Weight → Overweight | Morgan Stanley |
Alcoa's (NYSE:AA) short percent of float has fallen 5.44% since its last report. The company recently reported that it has 12.09 million shares sold short, which is 8.69% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.46 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor
Morgan Stanley analyst Carlos De Alba maintains Alcoa (NYSE:AA) with a Overweight and lowers the price target from $50 to $48.
It’s another risk-off day on Wall Street, with all major U.S. indices trading in the red. The CBOE Volatility Index (VIX), often referred to as the market’s fear gauge, spiked over 10%, reaching levels last seen in late April. Both the S&P 500 and the Nasdaq 100 indices declined by 0.6%, while the Dow Jones Industrial Average fell 0.7%, potentially ending a streak of six consecutive positive sessions. Small-cap stocks also succumbed to the broader negative sentiment, with the Russell 2000 index dropping 0.7%. Chicago Fed President Austan Goolsbee, a known “dove” on the board, expressed optimism about progress on inflation and the U.S. economy’s resilience in avoiding a recession. He
SC 13G/A - Alcoa Corp (0001675149) (Subject)
SC 13G/A - Alcoa Corp (0001675149) (Subject)
SC 13G/A - Alcoa Corp (0001675149) (Subject)
Alcoa Corporation (NYSE:AA, ASX: AAI))) today announced a transition in its Investor Relations leadership, appointing Louis Langlois, senior vice president, Treasury and Capital Markets effective September 1, 2024. Mr. Langlois will assume responsibility for the Company's investor relations and pension investment functions from Jim Dwyer, vice president, Investor Relations and Pension Investments, who will retire on September 1 after more than 30 years of service. Mr. Langlois is currently senior vice president and treasurer. He will continue to report to Executive Vice President and Chief Financial Officer Molly Beerman. "Louis will extend the strong relationships he currently has with o
Alcoa Corporation (NYSE:AA) today announced that it has appointed Matt Reed as Alcoa's Executive Vice President and Chief Operations Officer, effective January 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231220861728/en/Matt Reed, Alcoa Corporation's new EVP and Chief Operations Officer effective January 1, 2024. (Photo: Business Wire) Reed, who will be based in Western Australia, will lead Alcoa's global operations, including bauxite mines, alumina refineries, and aluminum smelters. He will be accountable for operational excellence, focusing on safety, environmental management, productivity, cost management, and lon
William F. Oplinger, Current EVP and COO, Appointed President, CEO and Director Roy C. Harvey Becomes Strategic Advisor to CEO Alcoa Corporation (NYSE:AA) (the "Company") announced today that William F. Oplinger has been elected to serve as President and Chief Executive Officer of the Company and as a member of its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230925107514/en/William F. Oplinger (Photo: Business Wire) Oplinger succeeds Roy C. Harvey, effective September 24, 2023, who will serve as Strategic Advisor to the Chief Executive Officer until December 31, 2023. Oplinger, 56, has served as t
Alcoa Corporation (NYSE:AA, ASX: AAI))) today reported results for the third quarter 2024 that reflect the acquisition of Alumina Limited in addition to sequential increases in net income, adjusted net income and Adjusted EBITDA excluding special items. Financial Results and Highlights M, except per share amounts 3Q24 2Q24 3Q23 Revenue $ 2,904 $ 2,906 $ 2,602 Net income (loss) attributable to Alcoa Corporation $ 90 $ 20 $ (168 ) Income (loss) per share attributable to Alcoa Corporation common shareholders1 $ 0.38 $ 0.11 $ (0.94 ) Adjusted net income (loss) $
Alcoa Corporation (NYSE:AA, ASX: AAI))) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock and Series A convertible preferred stock, to be paid on November 15, 2024 to stockholders of record as of the close of business on October 29, 2024. About Alcoa Corporation Alcoa (NYSE:AA, ASX: AAI))) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people, and courageous leadership, our purpose is to Turn Raw Potential into Real Progress.
Alcoa Corporation (NYSE:AA, ASX: AAI))) plans to announce its third quarter 2024 financial results on Wednesday, October 16, 2024, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to discuss the third quarter financial results on October 16, 2024, at 5:00 p.m. EDT (October 17, 2024, at 8:00 a.m. AEDT). The call will be webcast live via Alcoa's website, www.alcoa.com. The third quarter earnings press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's X handle @Alcoa at www.X.com/Alcoa. Conference Call Infor
Alcoa Corporation (NYSE:AA, ASX: AAI))) welcomes the U.S. Treasury Department's final regulations on the Section 45X Advanced Manufacturing Production Credit, enacted as part of the Inflation Reduction Act (IRA). As recognized by the Administration, Section 45X is an important tool for shoring up domestic manufacturing of critical materials, including commercial-grade aluminum from Alcoa's U.S. smelters in Newburgh, Indiana, and Massena, New York. The aluminum produced at these facilities plays a crucial role in multiple domestic manufacturing segments including clean energy, automotive, aerospace and building materials. Alcoa is pleased that the Treasury Department included some direct a
Alcoa Corporation (NYSE:AA, ASX: AAI))) today reported results for the third quarter 2024 that reflect the acquisition of Alumina Limited in addition to sequential increases in net income, adjusted net income and Adjusted EBITDA excluding special items. Financial Results and Highlights M, except per share amounts 3Q24 2Q24 3Q23 Revenue $ 2,904 $ 2,906 $ 2,602 Net income (loss) attributable to Alcoa Corporation $ 90 $ 20 $ (168 ) Income (loss) per share attributable to Alcoa Corporation common shareholders1 $ 0.38 $ 0.11 $ (0.94 ) Adjusted net income (loss) $
Agreement Would Leverage Experience of Both Leaders and Cooperation from Key Stakeholders Today, Alcoa Corporation (NYSE:AA, ASX: AAI))) and IGNIS Equity Holdings, SL (IGNIS EQT), the majority shareholder in the IGNIS Group of Companies, a vertically integrated energy company based in Spain, announced that they are progressing toward entering into a strategic cooperation agreement (the "partnership") to support the continued operation of Alcoa's San Ciprián operations. Under the proposed agreement, Alcoa would contribute €75 million, and IGNIS EQT would make an initial investment of €25 million to fund the operations. Alcoa would continue as the managing operator of the San Ciprián operat
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4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
Argus upgraded Alcoa from Hold to Buy and set a new price target of $48.00
B. Riley Securities upgraded Alcoa from Neutral to Buy and set a new price target of $50.00 from $41.00 previously
BofA Securities upgraded Alcoa from Neutral to Buy and set a new price target of $52.00 from $43.00 previously