Century Aluminum Company [CENX] Investment Guide: What You Need to Know


In a filing, Century Aluminum Company revealed its SVP, Strategy & Business Dev’t Aboud Matt acquired Company’s shares for reported $0.13 million on May 11. In the deal valued at $7.25 per share,18,000 shares were bought. As a result of this transaction, Aboud Matt now holds 46,678 shares worth roughly $ 0.36 million.

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Wolfe Research downgraded its Century Aluminum Company [CENX] rating to an Underperform from a a Peer perform in a research note published on Friday. PT values the company’s stock at a premium of -29.0 to its Friday closing price.

Price Performance Review of CENX

On Friday, Century Aluminum Company [NASDAQ:CENX] saw its stock jump 4.03% to $7.74. On the same session, the stock had its day’s lowest price of $7.60, but rose to a high of $7.78. Over the last five days, the stock has gained 6.32%. Century Aluminum Company shares have fallen nearly -5.38% since the year began. Nevertheless, the stocks have risen 0.26% over the past one year. While a 52-week high of $12.97 was reached on 03/03/23, a 52-week low of $5.27 was recorded on 08/25/23. SMA at 50 days reached $8.51, while 200 days put it at $9.08. A total of 1.1 million shares were traded, compared to the trading of 1.27 million shares in the previous session.

Levels Of Support And Resistance For CENX Stock

The 24-hour chart illustrates a support level at 7.63, which if violated will result in even more drops to 7.53. On the upside, there is a resistance level at 7.81. A further resistance level may holdings at 7.89. The Relative Strength Index (RSI) on the 14-day chart is 43.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.22%. Stochastics %K at 33.63% indicates the stock is a holding.

How much short interest is there in Century Aluminum Company?

A steep rise in short interest was recorded in Century Aluminum Company stocks on Aug 14, 2023, growing by 0.15 million shares to a total of 6.9 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.75 million shares. There was a rise of 2.17%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.19% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.36.

Century Aluminum Company [CENX] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 8,998,946 shares, or roughly 9.75% of the outstanding CENX shares. In other words, the investor’s shares have risen by 382,972 from its previous 13-F filing of 8615974.0. Additionally, The Vanguard Group, Inc. decreased -3.15% of its stake after which the total value it holdings stand at $53,460,576, while SSgA Funds Management, Inc. reduced -21.43% of its stake to hold $47.2 million in the firm. Over the last quarter, Dimensional Fund Advisors LP sold -280,022 shares of Century Aluminum Company, while Fisher Asset Management LLC sold 25,083 shares. At present, Mountaineer Partners Management L is holding 1,997,343 shares valued at $18.58 million. Invesco Advisers, Inc. owned 1,783,825 shares of the company at the time of its most recent 13F filing, worth $16.59 million.

According to FactSet, Century Aluminum Company’s share price will average $8.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.97 percent from its previous closing price of $7.44. Analysts expect Century Aluminum Company stock to reach the higher price of $9.00, while the lowest price estimate is $6.00. However, 3 analysts have rated CENX stock as an Underweight in their predictions for 2023.


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