Most Volatile Stocks: Alcoa Inc. (NYSE:AA), Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG), Albany International Corp. (NYSE:AIN)

April 26, 2023 1:02 am9 commentsViews: 66

Alcoa Inc. (NYSE:AA) declared that it anticipates Chinese exports of semi-finished aluminum to slow as prices drop and Beijing increases oversight, still as the U.S. firm blamed the world’s top producer and consumer for a ballooning global surplus. Chief Executive Officer Klaus Kleinfeld said shipments of semis, including profiles and plates used to make window frames and beer cans, will likely drop as prices in the international market fall. He also said he believes Beijing is prepared to deal with the export surge, which is not in line with government policy. On the other consideration, Alcoa Inc. (NYSE:AA) begun last trade with a price of $10.77 and throughout the trading session climbed at $10.87. The day-trade ended with an advance of 0.38% to close at $10.63.

Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) released that its chief operating officer Jeff Carcara has resigned, effective immediately. The company noted that Carcara chose to leave to pursue an executive leadership opportunity at a private restaurant company. Carcara had served as the company’s COO since November 2012. Shares of Del Frisco’s Restaurant Group, Inc. (NASDAQ:DFRG) opened at $18.36 with 23.61 million outstanding shares and hit to its highest price of $18.36 during the day and finally closed at $17.94 by scoring -1.70%. In the whole session, it traded on volume of 350707 shares, which turned higher than its average volume.

Albany International Corp. (NYSE:AIN) reported that it anticipates to record a Q2 charge of $14M related with a revision in the estimated profitability of a legacy agreement in the Albany Engineered Composites segment or AEC. The contract for this program was signed in 2007 and contains a very aggressive approach to pricing compared to AEC’s other contracts. AEC was required to fund certain development costs for nonrecurring engineering and tooling and expected to recover those costs over the duration of the contract, which is anticipated to be more than 20 years. Albany International Corp. (NYSE:AIN) stock hit highest price at $39.86, beginning with a price of $39.37 to close at 39.46 by a gain of 0.95% with a day range of $39.07-$39.86. The total market capitalization remained 1.26 Billion, total volume of 79148 shares held in the session was surprisingly higher than its average volume of 73.87 shares.


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