Dallas, Texas 11/20/2013 (Financialstrend) – In Tuesday’s trading session, Alcoa Inc (NYSE:AA) rose by 2.01%. The shares opened at a price of $8.95, which touched the intraday high of $9.30 and headed to a close of $9.13. Approximately 25.52M shares were traded on Tuesday and an average volume of 30.36 million shares were traded over a 30 day period. The 52-week low of Alcoa Inc (NYSE:AA) shares is $7.63 and its 52-week high is $9.97. The company has a market capitalization of $9.77billion.
About the company
Alcoa Inc (NYSE:AA) was formed on 18th September 1888. The company is involved in producing and managing primary aluminum, fabricated-aluminum as well as alumina combined, via participation in technology, refining, mining, fabricating, smelting and recycling. Alcoa Inc (NYSE:AA)’s products are used globally in automobiles, aircraft, commercial transportation and packaging, construction & building, oil & gas, defense, consumer-electronics & various industrial applications. It is an international company that has operations in 31 countries. Alcoa Inc (NYSE:AA)’s operations are made up of 4 worldwide reportable segments: 1- Alumina, 2- Primary Metals, 3- Flat-Rolled Products, and 4- Engineered Products & Solutions. On 9th March 2011, Alcoa Inc (NYSE:AA) completed the acquisition of an aerospace fastener business that belonged to TransDigm Group Inc.
This segment represents a segment of the company’s upstream-operations and is made up of Alcoa Inc (NYSE:AA)’s global refinery system and is made up of the mining of bauxite. The bauxite is later refined into alumina. Alumina is primarily sold directly to external and internal smelter-customers globally / is sold to those customers who process it later into industrial chemical-products. A segment of this segment’s 3rd-party sales are then completed via the use of agents, alumina-traders & distributors. Slightly over 50% of Alcoa Inc (NYSE:AA)’s alumina production is also sold under the supply-contracts to 3rd parties worldwide and the remainder is utilized internally by its Primary Metals segment.