Alcoa Shares Rise as CEO Outlines $315 Million Massena East Sale Plan
Alcoa shares traded more than 1% higher. CEO William Oplinger’s Massena East sale plan is part of a push to unlock up to $1 billion by 2030.
Alcoa (AA) shares rose overnight after CEO William Oplinger set out a $315 million plan to sell Massena East, putting asset sales in focus. The transaction begins an effort to unlock up to $1 billion by 2030. Tighter alumina supplies outside China could offer an additional tailwind. Alcoa stock was trading over 1% higher.