Alcoa Corporation (AA) Moves Higher on Volume Spike for January 25

Alcoa Corporation (AA) Moves Higher on Volume Spike for January 25

Alcoa Corporation (AA) traded on unusually high volume on Jan. 25, as the stock gained 3.79% to close at $29.02. On the day, Alcoa Corporation saw 6.52 million shares trade hands on 29,557 trades. Considering that the stock averages only a daily volume of 3.92 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $62.35 and $25.01 over the last 52-weeks, its 50-day SMA is now $30.11, and its 200-day SMA $41.44. Alcoa Corporation has a P/B ratio of 1. It also has a P/E ratio of 23.6.

Alcoa is a vertically integrated aluminum company involved in every phase of aluminum production, including bauxite mining, alumina refining, and the manufacture of primary aluminum. The firm is the world’s largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain.

Headquartered in Pittsburgh, PA, Alcoa Corporation has 14,600 employees and is currently under the leadership of CEO Roy Christopher Harvey.

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