Here's Why Alcoa Dropped as Much as 10.3% Today [The Motley Fool]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: The Motley Fool
The stock was downgraded by a top Wall Street firm. Will it really matter in a few months, or even weeks? Maxx Chatsko ( TMFBlacknGold ) Nov 19, 2018 at 3:32PM What happened Shares of aluminum leader Alcoa ( NYSE:AA ) fell over 10% today after Citigroup lowered its price target from $53 per share to just $33 per share. The stock hasn't seen $53 per share since the beginning of the summer, but today's downgrade sent shares tumbling to a 52-week low -- of roughly $33 per share. As of 3:16 p.m. EST, the stock had settled to a 7.6% loss. So what The downgrade at Citigroup is actually a little surprising. Alcoa just turned in a strong third-quarter 2018 performance, announced a new $200 million share buyback program, raised the lower end of its adjusted EBITDA guidance for the year, and said that tariffs on aluminum are actually helping the
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News
- Industrial leader Dag J. Opedal elected to be the new Chair of HydrogenPro ASA [Yahoo! Finance]Yahoo! Finance
- Alcoa raised at Morgan Stanley on cost saving measures [Seeking Alpha]Seeking Alpha
- Alcoa Co. (NYSE: AA) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $36.50 price target on the stock, up previously from $28.50.MarketBeat
- Alcoa Co. (NYSE: AA) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Alcoa Corporation (NYSE:AA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website