On Tuesday Oct 11 2016 Alcoa stock reports earnings for the latest quarter. Investors have high expectations for the stock which on Thursday Oct 6 entered a 1 for 3 reverse stock split.
I personally do not like reverse stock splits as I believe they do not benefit shareholders. Citigroup had one of the worst reverse stock splits in recent memory. They did a 1 for 10 reverse stock split in May 2011. The stock itself has never recovered the highs from before the 2008 bear market and it may be decades, if ever, that it will reach those heights again.
The trade ahead of earnings for Alcoa Stock had to be adjusted for this quarter due to the 1 for 3 stock split. This is the third year of trading in Alcoa Stock ahead of earnings.
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Alcoa Stock Trade Ahead Of Earnings – Oct 10 2016
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