Alcoa (AA) Shares Ramp to Highs Following Investor Presentation
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
Alcoa (NYSE: AA) shares are ramping to session highs as the company filed its investor presentation for October
In part, Alcoa noted having a cash balance of over $600 million with a credit capacity of $1.5 billion (under a drawdown revolver).
The company said it will conduct ongoing portfolio reviews and curtail, sell, or close assets that don't meet value generation thresholds based on market conditions.
Alcoa is also projecting capital investments of $370 million and annual EBITDA of over $300 million.
Shares of Alcoa are up 2.3 percent.
The presentation is embedded below:
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Transgenomic (TBIO) Climbs to Session High, Up 35%
- Yahoo (YHOO) January weekly volatility is at 43 into the expected release of Q4
- TransDigm (TDG) Valeant Comparison 'Nothing New', Tweet Risk Low and Would Use Weakness to Buy - Credit Suisse
Create E-mail Alert Related CategoriesMomentum Movers, Trader Talk
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!