Did Alcoa reverse split?
This reverse stock split and the break-up were ultimately approved by shareholders and the board of directors and the new companies began separate operations on November 1, 2016. Following the reverse stock-split, investors received 1 share of new Alcoa Corp for every 3 shares of Alcoa Inc. previously held.
Will Alcoa stock go up?
The 12 analysts offering 12-month price forecasts for Alcoa Corp have a median target of 83.00, with a high estimate of 106.00 and a low estimate of 54.00. The median estimate represents a +97.10% increase from the last price of 42.11.
Why are Alcoa shares falling?
Alcoa Corp. shares dropped the most in eight months after the aluminum producer said sales slumped as prolonged supply-chain disruptions curbed shipments, raising concern that the tie-ups may erode customer demand for the metal.
What is Zacks rating of CLF?
CLF 15.19 +0.01(0.07%)
When was the last time Alcoa stock split?
AA’s 6th split took place on October 06, 2016. This was a 1 for 3 reverse split, meaning for each 3 shares of AA owned pre-split, the shareholder now owned 1 share. For example, a 24000 share position pre-split, became a 8000 share position following the split.
Why did Alcoa go down?
Alcoa’s aluminum production was down 10% sequentially as it cut back production at its San Ciprián smelter in Spain. That was part of an agreement with workers who went on strike after the company started weighing options to sell or close the facility in the wake of exorbitant energy prices that made it unprofitable.
Why is Alcoa stock going up?
Alcoa is going to see its revenues increase as aluminum inventories continue to decrease and prices continue to rapidly increase. Russia’s invasion has led to a massive disruption of the energy markets in Europe. In turn, this has led to the input costs of aluminum to soar in Europe.
Why is Alcoa stock so low?
Is CLF a buy now?
The financial health and growth prospects of CLF, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.
When did Arconic split from Alcoa?
The breakup of Arconic Inc. was announced in February 2019 in the wake of the company’s failed sale to a private equity firm. Arconic itself was formed in 2016 when Pittsburgh’s Alcoa split in two. Patricia Sabatini: [email protected]; 412-263-3066.
What are the price targets for Alcoa (AA) Stock?
15 analysts have issued 1-year price targets for Alcoa’s shares. Their forecasts range from $20.00 to $42.00. On average, they expect Alcoa’s share price to reach $28.25 in the next twelve months. This suggests a possible upside of 36.3% from the stock’s current price. View Analyst Price Targets for Alcoa.
What is the ticker symbol for Alcoa?
Alcoa trades on the New York Stock Exchange (NYSE) under the ticker symbol “AA.” Who are Alcoa’s major shareholders? Alcoa’s stock is owned by a variety of retail and institutional investors.
What is the upside for Alcoa’s stock?
On average, they anticipate Alcoa’s stock price to reach $28.25 in the next twelve months. This suggests a possible upside of 32.8% from the stock’s current price. View Analyst Price Targets for Alcoa.
Who owns Alcoa stock?
Alcoa’s stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (3.41%), Fisher Asset Management LLC (3.40%), Dimensional Fund Advisors LP (3.33%), JPMorgan Chase & Co. (1.75%), Geode Capital Management LLC (1.66%) and Citadel Advisors LLC (0.00%).