Shares of Alcoa (AA) Sees Large Outflow of Money

Alcoa (AA) : Money flow in the Alcoa (AA) stock was negative (18.28 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $26.72 million, compared to $45 million on downticks. The total uptick to downtick ratio was 0.59, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($17.68 million), indicating selling on the strength. The transaction value during uptick in block trades was $3.55 million. Downtick transaction value in block trades amounted to $21.23 million, indicating persistent selling. The uptick to downtick ratio was 0.17. Alcoa (AA) traded $0.04 higher at $10.75 gaining 0.33% over the previous days close.


The stock has recorded a 20-day Moving Average of 11.01% and the 50-Day Moving Average is 11.9%. Shares have dropped -6.28% from its 1 Year high price. On Apr 29, 2016, the shares registered one year high at $11.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.51 and the 200 Day Moving Average price is recorded at $9.17.

Alcoa (NYSE:AA): The stock was completely flat for the day, closing at $10.71 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $10.82, the stock touched an intraday high of $10.90 and a low of $10.67. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $10.71. The total trading volume on Thursday was 22,346,834.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Alcoa Inc., Schmidt Ulrich had purchased shares worth of $51,250 in a transaction dated on April 26, 2016. A total of 5,000 shares were purchased at a price of $10.25 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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