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AA

Alcoa

$10.38

0.18 (1.76%)

16:10
10/05/16
10/05
16:10
10/05/16
16:10

Alcoa completes 1-for-3 reverse stock split

Alcoa announced that it has completed the previously-announced reverse stock split of Alcoa Inc. common stock at a ratio of 1 for 3 and a proportionate reduction in the number of authorized shares of its common stock, from 1,800,000,000 shares to 600,000,000 shares. The reverse stock split and authorized share reduction were approved by Alcoa shareholders at a special shareholder meeting earlier today. The applicable articles of amendment were filed in the Pennsylvania Department of State on October 5, 2016. Alcoa Inc. common stock will begin trading on a split-adjusted basis at market open on October 6, 2016. Alcoa Inc. common stock will continue to trade on the New York Stock Exchange under the symbol "AA," although a new CUSIP number has been assigned to it as a result of the reverse stock split.

  • 05

    Oct

  • 11

    Oct

AA Alcoa
$10.38

0.18 (1.76%)

05/23/16
BOFA
05/23/16
UPGRADE
BOFA
Buy
Alcoa upgraded to Buy from Neutral at BofA/Merrill
05/23/16
05/23/16
UPGRADE
Target $11

Buy
Alcoa upgraded to Buy from Neutral at BofA/Merrill
As previously reported, BofA/Merrill upgraded Alcoa to Buy from Neutral and raised its price target to $11 from $10.50. Analyst Timna Tanners said aluminum and alumina has become a lesser portion of Alcoa's earnings yet shares have become increasingly correlated to aluminum pricing while aerospace exposure now leaves it with an estimated 75% of its earnings levered to the segment. Tanners is confident in an upswing in aero-heavy downstream results and sees engine deliveries up 10% in 2016 and 18% in 2017. The analyst views the recent pullback in Alcoa shares as a buying opportunity given reduced commodity exposure and increased aero contribution.
09/09/16
GHSC
09/09/16
INITIATION
Target $11
GHSC
Neutral
Alcoa initiated with a Neutral at Seaport Global
Seaport Global analyst Josh Sullivan initiated Alcoa with a Neutral and $11 price target.
09/09/16
09/09/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Express (AXP) initiated with an Underweight at Atlantic Equities. 2. Alcoa (AA) initiated with a Neutral at Seaport Global. 3. Blue Buffalo Pet Products (BUFF) initiated with an Outperform at Oppenheimer. 4. Harley-Davidson (HOG) initiated with an Outperform at Bernstein. 5. Verifone (PAY) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

AVGO

Broadcom

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0.79 (0.30%)

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Qualcomm

$65.38

-0.05 (-0.08%)

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  • 06

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EADSY

Airbus

$27.53

0.38 (1.40%)

, BA

Boeing

$340.55

4.34 (1.29%)

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BA

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BAMXY

BMW Group

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BMW Group

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HAWK

Blackhawk

$36.50

-0.5 (-1.35%)

12:23
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SHOO

Steven Madden

$48.20

-0.1 (-0.21%)

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TER

Teradyne

$45.45

0.8494 (1.90%)

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  • 25

    Jan

MRK

Merck

$62.74

4.081 (6.96%)

, GE

General Electric

$18.09

-0.67 (-3.57%)

12:18
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MRK

Merck

$62.74

4.081 (6.96%)

GE

General Electric

$18.09

-0.67 (-3.57%)

UNH

UnitedHealth

$234.15

5.51 (2.41%)

QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

AVGO

Broadcom

$264.29

0.79 (0.30%)

NXPI

NXP Semiconductors

$119.58

0.33 (0.28%)

GM

General Motors

$45.03

0.955 (2.17%)

UA

Under Armour; also tag UAA

$13.12

-1.025 (-7.25%)

UAA

Under Armour; also tag UA

$14.21

-0.915 (-6.05%)

SCOR

comScore

$29.10

0.305 (1.06%)

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  • 16

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    Oct

$NSD

NASDAQ Market Internals

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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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NOV

National Oilwell

$38.90

-0.24 (-0.61%)

12:15
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Options
National Oilwell put volume heavy and directionally bearish »

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  • 06

    Feb

DPW

DPW Holdings

$2.41

-0.325 (-11.90%)

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SBOW

SilverBow Resources

$31.88

-0.9386 (-2.86%)

12:10
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TCEHY

Tencent

$56.92

1.565 (2.83%)

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AXP

American Express

$101.32

0.35 (0.35%)

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  • 18

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BX

Blackstone

$35.81

0.42 (1.19%)

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  • 01

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ICBK

County Bancorp

$30.16

0.38 (1.28%)

, MTW

Manitowoc

$40.09

0.73 (1.85%)

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County Bancorp

$30.16

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MTW

Manitowoc

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0.73 (1.85%)

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RHHBY

Roche

$31.78

0.405 (1.29%)

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  • 01

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NSRGY

Nestle

$85.10

0.58 (0.69%)

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HES

Hess Corp.

$54.16

-0.38 (-0.70%)

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  • 05

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CECE

CECO Environmental

$5.22

-0.07 (-1.32%)

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  • 16

    Jan

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    Jan

INFO

IHS Markit

$47.85

0.39 (0.82%)

11:55
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Conference/Events
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  • 16

    Jan

  • 16

    Jan

GSK

GlaxoSmithKline

$37.74

0.24 (0.64%)

11:54
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Upgrade
GlaxoSmithKline rating change  »

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  • 07

    Feb

  • 25

    Mar

GSK

GlaxoSmithKline

$37.76

0.2646 (0.71%)

11:51
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GlaxoSmithKline rating change  »

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  • 07

    Feb

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    Mar

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