Shares of Alcoa Corporation (NYSE:AA) traded today at $65.60, eclipsing its 52-week high. This new high was reached on below average trading volume as 3 million shares traded hands, while the average 30-day volume is approximately 7.1 million shares.
Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is the world’s largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain.
Alcoa Corporation (NYSE:AA) is currently priced 7.2% above its average consensus analyst price target of $59.23.
Alcoa Corporation share prices have moved between a 52-week high of $65.60 and a 52-week low of $18.85 and are now trading 239% above that low price at $63.84 per share.
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