VOLUME ALERT: Alcoa (AA)

Posted in General 
July 7th, 2009

Alcoa Inc. (NYSE: AA) shares are up more than 4 percent and above $9.50 a share, and have traded nearly their average daily volume as of 1:40 p.m. Eastern, as shares saw a volume spike after CEO comments reported by Bloomberg.com. According to Bloomberg’s site, Alcoa CEO Klaus Kleinfeld said demand is strengthening in both the U.S. and Europe. In an interview on Moscow TV he said he’s “very optimistic” regarding sales, as the Chinese economy and U.S. industries, including automaking, start to recover.  — Mike Tarsala

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