Overview
Alcoa Corp., a leading aluminum producer, is slated to release its earnings after market close on July 16, 2026. Bloomberg‑compiled options data indicates the market expects the stock to move approximately 4.9% in response to the results.
Expected Move
The implied move of 4.9% is derived from the pricing of equity options that reflect traders’ expectations of price volatility surrounding the earnings announcement.
Historical Performance vs Implied Moves
- April 16, 2026: Stock fell 8.6% while options implied a 5.5% move.
- January 22, 2026: Stock dropped 3.7% against an implied 5.7% move.
- October 22, 2025: Shares jumped 12.3% compared with a 6.0% implied move.
- July 16, 2025: Stock declined 3.7% while options suggested a 6.5% move.
- April 16, 2025: Stock rose 3.3% versus an implied 6.5% move.
- January 22, 2025: Shares gained 1.3% against an implied 6.6% move.
- October 16, 2024: Stock climbed 6.9% compared with a 5.3% implied move.
- July 17, 2024: Shares fell 11.6% while options indicated a 3.9% move.
The aluminum producer’s stock price moved more than the amount suggested by options in four of the past eight earnings announcements, highlighting a pattern of higher actual volatility than implied by the options market.
Source Note
The article was generated with AI assistance, reviewed by an editor, and sourced from Reuters.