AA - against the broader market

Whilst the broader equity market was whacked under the sp'1900 threshold, Alcoa (AA) was a notable exception, settling +5.8% @ $9.60. Broader price trend remains bearish, having steadily collapsed from the $17s in February.


AA, daily

AA, monthly

Summary

Frankly, splitting the company into two will do nothing for the loss making section/s of Alcoa.

With aluminium prices set to remain low for months (if not a few years?) to come... there is little reason to think breaking the company apart is going to help the underlying problem.
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*I have ZERO interest in being long AA, not least as management unable to address the real problems.