Alcoa Corporation Rises 4.01% for November 16

Among the biggest risers on the S&P 500 on Wednesday November 16 was Alcoa Corporation ($AA), popping some 4.01% to a price of $31.42 a share with some 6.15 million shares trading hands.

Starting the day trading at $29.69, Alcoa Corporation reached an intraday high of $31.69 and hit intraday lows of $29.66. Shares gained $1.21 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 6.11 million of its 182.47 million share total float. Today’s action puts the stock’s 50-day SMA at $26.99 and 200-day SMA at $28.45 with a 52-week range of $18.42 to $34.50.

Alcoa Corp is a lightweight metals technology, engineering and manufacturing company. It is engaged in the production of bauxite, alumina, aluminum, Cast Products, Rolled Products and Energy.

Alcoa Corporation has its corporate headquarters located in New York, NY and employs 16,000 people. Its market cap has now risen to $5.73 billion after today’s trading, its P/E ratio is now 0, its P/S 0.58, P/B 0.65, and P/FCF -11.2.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Alcoa Corporation, check out Stock Valuation Analysis tool for AA.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

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