Alcoa's Trading Volume Surges 73.51% to $195 Million, Ranked 430th Despite Stock Price Decline

Generated by AI AgentAinvest Market Brief
Thursday, Mar 27, 2025 7:58 pm ET1min read

On March 27, 2025, Alcoa's trading volume reached $195 million, marking a 73.51% increase from the previous day. This surge placed

at the 430th position in terms of trading volume for the day. However, the stock price of Alcoa (AA) declined by 4.08%, marking the second consecutive day of decline, with a total decrease of 5.13% over the past two days.

Analysts at HC Wainwright raised their target price for Alcoa shares to $90.00 and maintained a "buy" rating in a report released on March 12. This positive outlook contrasts with the recent price target reduction by UBS analyst Daniel Major, who lowered the target from $53 to $47 while keeping a "buy" rating ahead of the Q1 earnings report.

UBS analyst Curt Woodworth also revised the price target for Alcoa stock, reducing it from $53.00 to $47.00, while maintaining a "buy" rating. This adjustment reflects the current market sentiment and potential challenges the company may face in the coming quarters.

In addition to these analyst adjustments, Alcoa's stock has been the subject of various research reports. Morgan Stanley, for instance, lowered their target price from $55.00 to $51.00 and set an "overweight" rating. These mixed signals from analysts highlight the complexity of the current market environment and the need for investors to carefully evaluate the company's prospects.

Comments



Add a public comment...
No comments

No comments yet