Today's Pre-Market Trading Very Positive For Alcoa (AA)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Alcoa ( AA) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Alcoa as such a stock due to the following factors:

  • AA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $256.9 million.
  • AA traded 74,280 shares today in the pre-market hours as of 9:28 AM.
  • AA is up 7.8% today from yesterday's close.

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More details on AA:

Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The stock currently has a dividend yield of 1%. AA has a PE ratio of 25. Currently there are 7 analysts that rate Alcoa a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for Alcoa has been 25.2 million shares per day over the past 30 days. Alcoa has a market cap of $15.3 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 0.63 and a short float of 4.7% with 3.01 days to cover. Shares are down 21.3% year-to-date as of the close of trading on Monday.

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