Why Shares of Alcoa Jumped in June
Shares of Alcoa (NYSE: AA) gained 22% in June, according to data provided by S&P Global Market Intelligence, as hopes for a quick economic recovery continued to build momentum and commodity prices pushed higher as a result.
Alcoa had issues prior to the pandemic. The stock was a loser in 2019 due to weak demand for raw materials and the threat of a global trade war, and was down nearly 75% in 2020 as recently as mid-March on fears of a global recession.
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Source Fool.com
