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Fly News Breaks for October 21, 2019
AA
Oct 21, 2019 | 08:40 EDT
Gabelli analyst Justin Bergner downgraded Alcoa to Hold from Buy despite the shares trading at a 35% discount to his 2020 private market value estimate of $32. Acloa's 12% two day post-earnings rally reflected better than expected proceeds from non-core asset sales and a view that estimates have bottomed, Bergner tells investors in a research note. The analyst, however, now sees aluminum as "challenged" amid increased Chinese scrap and against 1%-2% "capacity creep."
News For AA From the Last 2 Days
AA
Apr 17, 2024 | 18:28 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSBank... To see the rest of the story go to thefly.com. See Story Here
AA
Apr 17, 2024 | 16:15 EDT
AA
Apr 17, 2024 | 16:15 EDT
AA
Apr 17, 2024 | 16:13 EDT
AA
Apr 17, 2024 | 16:13 EDT
AA
Apr 17, 2024 | 16:12 EDT
The company states: "Adjusted EBITDA excluding special items was $132 million, a sequential increase of $43 million primarily due to lower energy and raw material costs, partially offset by lower average realized third-party price for aluminum and higher production costs."
AA
Apr 17, 2024 | 16:11 EDT
Reports Q1 revenue $2.60B, consensus $2.56B. "In the first quarter of 2024, we finalized the terms of our acquisition of Alumina Limited, which will bring strategic, operational, and financial flexibility," said Alcoa CEO William Oplinger. "Raw material prices and markets are improving, and we are implementing near-term improvements to further strengthen Alcoa for the future."
AA
Apr 17, 2024 | 13:05 EDT
Pre-earnings options volume in Alcoa is 1.1x normal with calls leading puts 3:2. Implied volatility suggests the market is anticipating a move near 5.4%, or $1.97, after results are released. Median move over the past eight quarters is 4.8%.
AA
Apr 17, 2024 | 11:59 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
AA
Apr 17, 2024 | 08:56 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Alcoa (AA)... To see the rest of the story go to thefly.com. See Story Here
AA
Apr 17, 2024 | 08:50 EDT
