Shares of Alcoa Corporation (NYSE:AA) traded today at $27.86, eclipsing its 52-week high. This new high was reached on below average trading volume as 4.8 million shares traded hands, while the average 30-day volume is approximately 7.2 million shares.
Over the past year, Alcoa Corporation has traded in a range of $5.16 to $27.86 and is now at $27.09, 425% above that low.
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.
Based on a current price of $27.09, Alcoa Corporation is currently 9.3% above its average consensus analyst price target of $24.57.
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