On October 22, 2024, Renato Bacchi, EVP & Chief Commercial Officer of Alcoa Corp (AA, Financial), executed a sale of 23,867 shares of the company. Following this transaction, the insider now owns 57,317 shares of Alcoa Corp. The shares were sold at a price of $42.29, as detailed in the SEC Filing.
Alcoa Corp, a global industry leader in bauxite, alumina, and aluminum products, is known for its operational excellence and sustainable practices. The company's innovative approach spans the entire aluminum production process, from mining bauxite and refining alumina to producing primary aluminum.
Over the past year, Renato Bacchi has sold a total of 23,867 shares and has not purchased any shares. This recent transaction reflects a continuation of the insider's selling trend.
The insider transaction history for Alcoa Corp shows no insider buys over the past year, with a total of 2 insider sells during the same period.
Shares of Alcoa Corp were trading at $42.29 on the day of the transaction. The company has a market cap of $10.86 billion. According to the GF Value, the stock is currently modestly overvalued, with a price-to-GF-Value ratio of 1.21.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's valuation and stock trends.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
