Shares of Alcoa (AA) Sees Large Inflow of Net Money Flow

Alcoa (AA) : Mondays money flow data in Alcoa (AA) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $17.46 million, whereas, $15.47 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.13, in favor of the bulls. The total money flow into the stock was $2 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.7 million. The total value of block trades done on upticks was $6.35 million. The value of bearish trades on downticks was only $3.65 million.The up/down ratio in the block trades was a healthy 1.74 in favor of the bulls, suggesting strong buying in the stock by large traders. Alcoa (AA) fell $0.01 and traded at $10.91, down -0.09% for the day, over previous days close. On a weekly basis, the shares are 11.1% over the previous weeks close.


Alcoa Inc. is up 8.54% in the last 3-month period. Year-to-Date the stock performance stands at 11.44%. Shares of Alcoa Inc. rose by 7.69% in the last five trading days and 16.29% for the last 4 weeks. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Alcoa Inc., Sorrell Martin, had purchased 1,990 shares in a transaction dated on July 13, 2016. The transaction was executed at $10.73 per share with total amount equaling $21,353.

Alcoa (NYSE:AA): The stock was completely flat for the day, closing at $10.92 on Monday. The flat closing masks the intraday volatility in the stock. After opening at $10.82, the stock touched an intraday high of $10.94 and a low of $10.72. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $10.92. The total trading volume on Monday was 16,352,279.

Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Its products, which include aluminum, titanium and nickel, are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications across the world. It also produces and manages primary aluminum, fabricated aluminum and alumina combined, through its active participation in the aspects of the industry, including technology, mining, refining, smelting, fabricating, and recycling. The Company has investments and operating activities in Australia, Brazil, China, Guinea, Iceland, Russia and Saudi Arabia, among others. It produces three dimensional (3D-printed) titanium, specialty metals and plastic parts for aerospace, medical and energy applications.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *