On June 15, Alcoa fell 7.66% in regular trading, trading at $63.19/share, with turnover of $118 million.

On the news front, the company's CFO previously warned that Alcoa's alumina business will be unprofitable due to energy disruptions and the impact of an Australian cyclone, which reduced alumina shipments. Since hitting a high of $81.54 on June 2, the stock has now declined over 22%. Although Morgan Stanley deemed the selloff overdone and maintained an overweight rating with a $79 target price, selling pressure has persisted. The firm noted that the updated guidance impacts full-year earnings estimates by only approximately 2%, suggesting the market reaction is disproportionate.

Within the Aluminum sector, broad weakness continues. Among individual stocks, Century Aluminum down 9.0%, Constellium NV down 2.13%, Kaiser Aluminum down 1.38%, while Tredegar rose 0.92%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)