Alcoa Corporation (AA) Looks Good: Stock Adds 6.8% in Session
Alcoa Corporation AA was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $44.34 to $50.62 in the past one-month time frame.
The stock was driven after U.S. sanctions were implemented against a Russian manufacturer of aluminum.
The company has seen one positive estimate revision in the past month, while its Zacks Consensus Estimate has also moved higher over the same time period, suggesting that more solid trading could be ahead for Alcoa. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Alcoa Corporation currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
Alcoa Corp. Price
Alcoa Corp. Price | Alcoa Corp. Quote
Investors interested in the Industrial Products sector may consider Axon Enterprise, Inc. AAXN, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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