Alcoa Inc. Management Change Enhanced Stock Trade

Alcoa Inc. NYSE:AA on December 8 appointed Olivier Jarrault as president having overall responsibility of strategically and operationally for earning per share six business units. Management has been changed since this new decision and people with new ideas are becoming the part of company. Alcoa on December 9 also supplied architectural aluminum products that are important to the new Lindsay Flanigan courthouse in Denvar meeting Leadership in Energy and Environmental Design （LEED） requirements. As management has been changed and operations performed effectively so investors rushed towards the company, this resulted ascending movement in stock price. The stock price randomly surged from $13.57 on December 1 to $14.15 on December 9. Beside all company’s revenues continuously ascended in last three quarters from $4.88 million in March 31, 2010, increased to $5.18 million in June 30, 2010 and became $5.28 million in September 30, 2010.

Alcoa Inc. on December 9 ascended with 0.04% with positive stock price of $14.15. The stock price remained between the fifty two week range $9.81 to $17.60. The overall volume found 13.87 million shares. The total market capitalization recorded $14.45 billion.

In the last three quarters from march 31, 2010 to September 30, 2010 company management effectively control its operating expenses because operating expenses descended continuously from $8.23 million in march than in June it reduced to $6.46 million than in September it declined to $6.32million. Company’s revenues also grew positively in last three quarters and surged from $4.88 million in March 31, 2010, became $5.18 million in June 30, 2010 and again moved above in September 30, 2010 to $5.28 million. Company’s total cash remained $888.00 million.

AA stock price was above 4.37% from its twenty days moving average and company’s performance of the quarter surged to 26.97%. The stock price remained above the fifty two week low with 44.91% and below the fifty two week high with 18.89%. The price fluctuation of the week measured as 2.12% and beta coefficient remained 2.09. All 1.02 billion outstanding shares floated in the market. The insider ownership was 0.10% and institutional ownership found 63.81%.