Alcoa Corp (AA)

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Alcoa Corp (AA) Profile

Alcoa Corp (AA.xnys) is an industrial corporation headquartered in Pittsburgh, Pennsylvania, United States. Alcoa produces and sell bauxite, alumina, and aluminum products and is primarily engaging in bauxite mining operations, processes bauxite into alumina, sells bauxite to customers who process it into industrial chemical products, smelts aluminum, cast, and roll businesses, and products aluminum sheets sold directly to customers in the packaging market for the production of aluminum cans. The company is the world’s 6th largest producer of aluminum with operations in 10 countries and employs 12,900 people. Alcoa Corp stock (AA.xnys) is listed on the New York Stock Exchange (NYSE), had a market capitalisation of $11.51B (USD) as of January 2022 and $9.3B (USD) in 2020 yearly revenue. At the end of 2021, the company announced to halt primary aluminum production at its plant in Spain (Europe’s 2nd largest aluminum) for 2 years. Alcoa’s curbs come after energy costs spiked to records that put heavy industries under increasing financial strain.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
16:30-23:00
Mon
16:30-23:00
Tue
16:30-23:00
Wed
16:30-23:00
Thu
16:30-23:00
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 14287

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