Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Century Aluminum Company shares valued at $440,313 were sold by Gary Jesse E on Aug 15. At $8.88 per share, Gary Jesse E sold 49,568 shares. The insider’s holdings dropped to 64,400 shares worth approximately $0.41 million following the completion of this transaction.
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Also, Gary Jesse E sold 50,000 shares, netting a total of over 488,800 in proceeds. Following the sale of shares at $9.78 each, the insider now holds 113,968 shares.
Before that, DeZee John had sold 15,287 shares from its account. In a trade valued at $422,548, the EVP and General Counsel traded Century Aluminum Company shares for $27.64 each. Upon closing the transaction, the insider’s holdings decreased to 15,287 shares, worth approximately $0.29 million.
As published in a research note from Wolfe Research on May 18, 2022, Century Aluminum Company [CENX] has been rated down from an Outperform to a Peer perform and the price target has been revised to $14 from $30. This represents a 54.71% premium over Thursday’s closing price. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid November. As of July 27, 2021, B. Riley Securities has increased its “Neutral” rating to a “Buy” for CENX. Earlier on June 25, 2020, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for CENX stock which previously was a “an Outperform”.
Analyzing CENX’s Price Performance
On Thursday, Century Aluminum Company [NASDAQ: CENX] plunged -5.51% to $6.34. The stock’s lowest price that day was $6.34, but it reached a high of $6.91 in the same session. During the last five days, there has been a drop of approximately -14.32%. Over the course of the year, Century Aluminum Company shares have dropped approximately -61.71%. Shares of the company reached a 52-week high of $30.36 on 03/07/22 and a 52-week low of $6.34 on 09/22/22. A 50-day SMA is recorded $7.87, while a 200-day SMA reached $14.93. Nevertheless, trading volume fell to 1.55 million shares from 2.1 million shares the previous day.
Support And Resistance Levels for Century Aluminum Company (CENX)
According to the 24-hour chart, there is a support level at 6.15, which, if violated, would cause prices to drop to 5.96. In the upper region, resistance lies at 6.72. The next price resistance is at 7.10. RSI (Relative Strength Index) is 35.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Century Aluminum Company subject to short interest?
Stocks of Century Aluminum Company saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.54 million shares to 7.42 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.88 million shares. A jump of 20.75% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.06 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.06.
Which companies own the most shares of Century Aluminum Company (CENX)?
According to SSgA Funds Management, Inc. filings, the company currently owns 10,536,517 shares, which is about 11.53% of the total CENX shares outstanding. The investor’s shares have appreciated by 4,927,814 from its previous 13-F filing of 5608703.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $65,631,734. The Vanguard Group, Inc. acquire a 4.99% interest valued at $45.18 million while Dimensional Fund Advisors LP purchased a 36,549 stake. A total of 62,681 shares of Century Aluminum Company were bought by Fisher Asset Management LLC during the quarter, and -97,005 were sold by William Blair Investment Manageme. In its current portfolio, Millennium Management LLC holds 1,341,811 shares valued at $10.36 million.
In terms of Century Aluminum Company share price expectations, FactSet research, analysts set an average price target of $11.50 in the next 12 months, up nearly 71.39% from the previous closing price of $6.71. Analysts anticipate Century Aluminum Company stock to reach $15.00 by 2022, with the lowest price target being $8.00. In spite of this, 3 analysts ranked Century Aluminum Company stock as an Overweight at the end of 2022. On March 24, 2020, B. Riley FBR assigned a price target of “a Neutral” to the stock and downgraded coverage with a $5.