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via finance.yahoo.comMarkets

Alcoa shares fall over 5% after Argus downgrade to Hold

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Alcoa Corp (NYSE:AA) shares slid more than 5% on Thursday after Wall Street research firm Argus downgraded the aluminum producer, citing mounting pricing pressures and expanding global supply that threaten near-term profit margins. Still guessing which stocks…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe downgrade flags aluminum price pressure and margin risks for the producer.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Argus lowered Alcoa's rating to Hold from Buy.
  2. 02Shares slid more than 5% on Thursday.
  3. 03Over three months the stock fell 8%, while the S&P MidCap 400 declined 3%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Alcoa CorporationAAStock38.72 USD-0.13%today -4.93%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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