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Strength Seen in Alcoa (AA): Stock Moves 5.7% Higher

Alcoa Inc.(AA) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside came on the company's announcement that its plan to separate into two independent, publicly-traded and industry-leading Fortune 500 companies has been unanimously approved by its Board of Directors. This reverses the recent downtrend for the company since Sep 18, as the stock is now down more than 1%.

In the last 30 days, the company has seen one downward estimate revision, while the Zacks Consensus Estimate moved higher, suggesting that more solid trading could be ahead for Alcoa. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Alcoa carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

A better-ranked stock from the broader basic materials sector is Asanko Gold Inc. (AKG) , which holds a Zacks Rank #2 (Buy).

Is AA going up? Or down? Predict to see what others think: Up or Down

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ALCOA INC (AA): Free Stock Analysis Report

ASANKO GOLD INC (AKG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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