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Alcoa jumps after third-quarter earnings beat and strategic updates

Investivoq PriceTracker

Alcoa Corporation (AA) is up 7.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The rally appears tied mainly to Alcoa’s third-quarter results and a set of supportive strategic updates. Investors likely responded to stronger profitability, solid cash generation, progress on the planned AliGroup acquisition, and an announced path to monetize part of the Massena East site.

Details:

  • Alcoa reported third-quarter 2026 revenue of $3.7 billion, net income attributable to the company of $483 million, and adjusted earnings of $1.82 per share.
  • The company highlighted strong cash generation during the quarter, along with improved refinery performance and higher aluminum production across its smelting portfolio.
  • Alcoa said South32 shareholders approved the AliGroup transaction on October 15, 2026, reducing uncertainty around a major acquisition that remains targeted to close in the first half of 2027.
  • Management also disclosed definitive agreements to sell portions of the Massena East site, with potential cash value of up to $315 million, supporting its broader asset-monetization plan.

    • Sources:

    Alcoa, SEC

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $AA Insider Trading Activity

    AA Insider Trades

    $AA insiders have traded $AA stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

    Here’s a breakdown of recent trading of $AA stock by insiders over the last 6 months:

    • TAMMI A JONES (EVP & CHRO) sold 15,628 shares for an estimated $790,733
    • MATTHEW T REED (EVP, Chief Operations Officer) sold 4,600 shares for an estimated $215,372
    • RENATO BACCHI (EVP & Chief Commercial Officer) sold 700 shares for an estimated $35,713

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $AA Hedge Fund Activity

    We have seen 330 institutional investors add shares of $AA stock to their portfolio, and 379 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • FMR LLC added 4,143,328 shares (+32.2%) to their portfolio in Q2 2026, for an estimated $216,033,121
    • D. E. SHAW & CO., INC. added 3,453,058 shares (+2600.2%) to their portfolio in Q2 2026, for an estimated $180,042,444
    • DIMENSIONAL FUND ADVISORS LP removed 2,779,366 shares (-32.2%) from their portfolio in Q2 2026, for an estimated $144,916,143
    • EAGLE CAPITAL MANAGEMENT LLC removed 2,217,555 shares (-15.7%) from their portfolio in Q2 2026, for an estimated $115,623,317
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,081,181 shares (+inf%) to their portfolio in Q2 2026, for an estimated $108,512,777
    • MILLENNIUM MANAGEMENT LLC added 2,049,217 shares (+720.0%) to their portfolio in Q2 2026, for an estimated $106,846,174
    • JPMORGAN CHASE & CO added 2,018,371 shares (+inf%) to their portfolio in Q2 2026, for an estimated $105,237,863

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $AA Price Targets

    Multiple analysts have issued price targets for $AA recently. We have seen 6 analysts offer price targets for $AA in the last 6 months, with a median target of $61.5.

    Here are some recent targets:

    • Lawson Winder from B of A Securities set a target price of $51.0 on 07/09/2026
    • Timna Tanners from Wells Fargo set a target price of $72.0 on 07/09/2026
    • Bill Peterson from JP Morgan set a target price of $55.0 on 07/09/2026
    • Carlos De Alba from Morgan Stanley set a target price of $53.0 on 07/08/2026
    • Nick Giles from B. Riley Securities set a target price of $80.0 on 07/07/2026
    • Daniel Major from UBS set a target price of $68.0 on 06/30/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.