Alcoa, one of three companies to be dropped from the Dow Jones Industrial Average on Sept. 20, said the slight from the high-profile stock index has no impact on the company's plans.
Bank of America and Hewlett-Packard were also bounced with Alcoa as the DJIA added Goldman Sachs, Visa and Nike, respectively.
"The composition of the Dow Jones Industrial Average has no impact on Alcoa's ability successfully executive our strategy, and we remain focused on delivering shareholder value," the company said in a statement, adding it is focused "on things we can control."
The New York-based aluminum giant has been the Dow's most battered stock this year as a slump in the price of aluminum pushed its shares down more than six percent to around $8. It traded in the $30 range in 2008.
Dow Jones Indices said the changes were prompted by the low stock price of the three companies and the index's desire to diversity its sector and industry group representation. The new members join the index on Mon., Sept. 23.
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