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|Arch Coal (ARCH) Passes Through 2% Yield Mark
Friday, October 13, 3:08 PM ET, by Market News Video Staff
In trading on Friday, shares of Arch Coal Inc (ARCH) were yielding above the 2% ...
Analysts Anticipate XME Will Reach $37
Wednesday, October 18, 8:08 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
United States Steel (X) Shares Cross Above 200 DMA
Wednesday, October 18, 11:05 AM ET, by Market News Video Staff
In trading on Wednesday, shares of United States Steel Corp. (X) crossed above their 200 ...
Notable Wednesday Option Activity: ZOES, PYPL, AA
Wednesday, October 18, 3:24 PM ET, by Market News Video Staff
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
Carpenter Technology About To Put More Money In Your Pocket (CRS)
Thursday, October 19, 10:07 AM ET, by Market News Video Staff
On 10/23/17, Carpenter Technology Corp. (CRS) will trade ex-dividend, for its quarterly dividend of $0.18, ...
Land This Cheap Metals Stock Even Lower Than Director Sorrell Did
By Metals Channel Staff, Thursday, November 29, 1:30 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on October 11, Alcoa, Inc.'s Director, Martin Sorrell, invested $36,419.63 into 4,145 shares of AA, for a cost per share of $8.79. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Thursday, bargain hunters could buy shares of Alcoa, Inc. (NYSE:AA) and achieve a cost basis 5.0% cheaper than Sorrell, with shares changing hands as low as $8.35 per share. It should be noted that Sorrell has collected $0.03/share in dividends since the time of their purchase, so they are currently down 4.6% on their purchase from a total return basis. Alcoa, Inc. shares are currently trading off about 0.1% on the day. The chart below shows the one year performance of AA shares, versus its 200 day moving average:
Looking at the chart above, AA's low point in its 52 week range is $7.97 per share, with $10.92 as the 52 week high point — that compares with a last trade of $8.38. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
According to the ETF Finder at ETF Channel, AA makes up 2.95% of the SPDR S&P Metals and Mining ETF (AMEX:XME) which is trading up by about 0.7% on the day Thursday.
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