Alcoa Inc. (AA) reported first quarter adjusted income from continuing operations of $0.10 after the close Tuesday, which topped the consensus estimate of a loss of $0.04.
Alcoa gapped open higher Wednesday morning, but was range-bound throughout the session. The stock closed up by 0.58 at $9.90, with volume at a 6-month high. Alcoa rose to nearly a one-week high and finished just below its 50-day moving average.
by RTT Staff Writer
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