From MarketBeat: Alcoa Target of Unusually Large Options Trading (NYSE:AA)
From MarketBeat:
Alcoa Co. saw an increase in call options trading, with 30,265 call options being acquired, up 20% compared to the typical volume. Analysts have given mixed reviews, with some lowering price targets and others maintaining a “neutral” or “buy” rating. Hedge funds have either increased or decreased their stakes in Alcoa, and the company’s stock price traded up on Friday reaching $33.94. Alcoa has reported negative quarterly earnings, and the company also announced a quarterly dividend. Furthermore, the company is involved in the production and sale of bauxite, alumina, and aluminum products. While Alcoa has a “Hold” rating among analysts, there are other top-rated stocks that analysts believe are better buys.
Original: Alcoa Target of Unusually Large Options Trading (NYSE:AA)