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Why Alcoa Stock Is Soaring This Week

·2 min read
Why Alcoa Stock Is Soaring This Week
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During earnings season, one often gets to see glaring examples of how irrational the stock markets can be. Alcoa reported its second-quarter numbers on July 15 after market close. It was the company's strongest quarter since 2016, when it became an independent upstream aluminum company after the-then Alcoa split into two.