Yes its down about 70 percent in the last year and about 30 percent this year along. If that is credit for weathering the storm. I hate to see what bad would be.
Because the government is going to help the workers from the closed plant. AA went up thinking that the US
Government would stop the China Dumping. The Motley Fool published a article saying this rally would be short lived. That AA is still in serious trouble !!!!!!!!!!!!!
A nearly 14% rise brought Alcoa Inc.’s (NYSE: AA) number of shares short to more than 187.78 million at the end of the two-week period. That was the fifth straight period of rising short interest, up to some 14.7% of Alcoa’s total float. The days to cover increased from three to about five. The stock fell to a new 52-week low in late January. The share price tumbled more than 14% early in the short interest period.
As the 2nd half of the year approaches, and its been 3 months since the Value Removal Split has been
announced, AA is moving in the Downward direction. Heck it was only down 26 percent in January.
There's no way around the obvious: Investors weren't pleased with Alcoa's (NYSE: AA) fourth-quarter earnings, sending the shares down roughly 26% in January. A good portion of the monthly decline led up to and following directly after the Jan. 11 earnings release.