Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|November 14th Options Now Available For Alcoa (AA)
Thursday, October 2, 11:22 AM ET, by Market News Video Staff
Investors in Alcoa, Inc. (AA) saw new options become available today, for the November 14th ...
Use Options For a Chance To Buy WLB at a 22% Discount
Friday, October 3, 11:53 AM ET, by Market News Video Staff
Looking back to 84 days ago, Westmoreland Coal Co. (WLB) priced a 1,464,789 share secondary ...
Bargain Bin Stocks: ACI Now 11.5% Cheaper Than Director Sands's Buy
Monday, October 6, 10:53 AM ET, by Market News Video Staff
There's an old saying on Wall Street about insider buying: there are many possible reasons ...
One Put, One Call Option To Know About for Alcoa
Monday, October 6, 11:55 AM ET, by Market News Video Staff
Consistently, one of the more popular stocks people enter into their stock options watchlist at ...
CMC Stock Crowded With Sellers
Tuesday, October 7, 4:10 PM ET, by Market News Video Staff
In trading on Tuesday, shares of Commercial Metals Co. (CMC) entered into oversold territory, changing ...
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.
See what other ETFs contain AA »
See what other stocks are held by XME »
Special Offer: Establish a secure stream of income during your retirement years by following the Retiree Income Portfolio with this free 30 day trial
This Article's Word Cloud: