Alcoa Inc (NYSE:AA), now ramping up aluminum output at the just opened $300 million Davenport Works addition, reminded investors of the company’s global footprint. Alcoa announced that it is investing $13 million to expand its wheel manufacturing plant in Szekesfehervar, Hungary, (Sorry … couldn’t resist.). Alcoa reminded investors that Alcoa is the inventor and global leader in forged aluminum wheels. And, the expansion allows Alcoa to double output of its Dura-Bright EVO surface-treated truck wheels by early 2015. Alcoa Inc (NYSE:AA) stock performance was 0.84% in last session and finished the day at $12.01. Traded volume was 32.42million shares in the last session and the average volume of the stock remained 27.32million shares. The beta of the stock remained 1.86. Alcoa Inc (NYSE:AA) insider ownership is 0.20%.
A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC (ADR) (NYSE:BP) as evidence in a hearing to determine liability of companies involved in drilling the ill-fated Macondo deepwater well in 2010. BP plc (ADR) (NYSE:BP) dropped -0.02 percent to $46.51 Friday on volume of 18.47million shares. The intra-day range of the stock was $46.36 to $46.93. BP plc (ADR) (NYSE:BP) has a market capitalization of $143.34billion.
Chevron Corporation (NYSE:CVX) is increasing its support to programs in Nigeria that prevent mother-to-child transmission of HIV (PROMOT), building on initial success in the heart of the Niger Delta, according to Chevron Corporation. Chevron Corporation (NYSE:CVX)’s stock on Mar 21, 2014 reported an increase of 0.10% to the closing price of $115.63. Its fifty two weeks range is $109.27-$127.83. The total market capitalization recorded $220.75billion. The overall volume in the last trading session was 14.89million shares. In its share capital, Chevron Corporation (NYSE:CVX) has 1.90million outstanding shares.
Goldcorp Inc and Barrick Gold Corp, (USA) (NYSE:ABX) two of the world’s largest producers of the precious metal, ended slightly lower after strong starts even as bullion gained. “Gold is trying to mount a rally, it was a muted rally,” Maison’s Ing said. On Friday, shares of Barrick Gold Corporation (USA) (NYSE:ABX) dropped -0.10% to close the day at $19.40. Company return on investment (ROI) is -35.50% and its monthly performance is recorded as -7.31%. Barrick Gold Corporation (USA) (NYSE:ABX) quarterly revenue growth is 15.00%.