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Weakness Seen in Alcoa (AA): Stock Tumbles 6.8%

Alcoa Inc . AA saw a big move last session, as the company's shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $9.07-$11.01 in the past one-month time frame, showed a sharp decline Friday at $10.26.

On Oct 8, the company announced third-quarter 2015 results that sank year over year, hurt by lower metal prices. Both revenues and earnings for the quarter trailed expectations.

This slump shouldn't be too much of a surprise to investors, as the aluminum producer has seen 6 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

AA currently has a Zacks Rank #5 (Strong Sell).

A better-ranked stock in the broader mining sector is OCI Resources LP OCIR , holding a Zacks Rank #1 (Strong Buy).

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

Is NUS going up? Or down? Predict to see what others think: Up or Down - See more at: http://www.zacks.com/stock/news/192868/nu-skin-enterprises-nus-in-focus-stock-plunges-257#sthash.gvPpxsvc.dpuf

Is NUS going up? Or down? Predict to see what others think: Up or Down - See more at: http://www.zacks.com/stock/news/192868/nu-skin-enterprises-nus-in-focus-stock-plunges-257#sthash.gvPpxsvc.dpuf

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ALCOA INC (AA): Free Stock Analysis Report

OCI RESOURCES (OCIR): 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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