This year’s worst performing Dow stock, Alcoa Inc. (NYSE:AA), is looking to shake the tag as it works hard to increase profit.
Alcoa Inc. (NYSE:AA) company shares was at 10.59 at the end of the day’s trading on 7/21/2010. There’s been a -21.1% change in the stock price over the past 3 months.
Not helped by the global economic downturn, and a worldwide drop in aluminium prices, Alcoa Inc. (NYSE:AA) has managed to climb back into profit in Q2.
With news that the global demand for aluminium is looking to rise in the second half of the year, analysts now see Alcoa Inc. (NYSE:AA) as a good long-term bet for growth – as long as the economic recovery can continue on a global level.
If you’re looking to make a move on the Alcoa Inc. (NYSE:AA) shares, make sure you take a look at this analyst advice, from a broad range of industry specialists:We will be monitoring the Alcoa Inc. (NYSE:AA) stock price for developments over the next couple of weeks.