09:51 AA Alcoa: Hearing chatter that Alcoa has received a $49/share takeover bid from BHP and has received a couple of other expressions of interest (36.58 +0.15). Briefing.com That was posted on the Yahoo! board for Alcoa. Can anyone with a Briefing account confirm this statement? As of right now I am guessing this is BS... but the stock price has moved nicely.
Seems like there are rumors all the time these days about Alcoa. However, the options activity in Alcoa makes me think that these latest rumors have some teeth. Options aren't always the most reliable indicator, but they can be helpful when you know what to look for.