Century Aluminum Co.’s recent filing unveils that its SVP, Strategy & Business Dev’t Aboud Matt unloaded Company’s shares for reported $39957.0 on Mar 04 ’24. In the deal valued at $10.61 per share,3,766 shares were sold. As a result of this transaction, Aboud Matt now holds 59,248 shares worth roughly $0.99 million.
Then, Trpkovski Peter A sold 13,908 shares, generating $171,347 in total proceeds. Upon selling the shares at $12.32, the SVP, Finance and Treasurer now owns 41,998 shares.
Before that, Gary Jesse E sold 68,162 shares. Century Aluminum Co. shares valued at $858,841 were divested by the President and CEO at a price of $12.60 per share. As a result of the transaction, Gary Jesse E now holds 76,443 shares, worth roughly $1.28 million.
B. Riley Securities upgraded its Century Aluminum Co. [CENX] rating to a Buy from a a Neutral in a research note published on January 09, 2024; the price target was increased to $14 from $10. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid December from “an Underperform” to “a Peer perform”. Wolfe Research also remained covering CENX and has decreased its forecast on July 11, 2023 with a “an Underperform” recommendation from previously “Peer perform” rating. B. Riley Securities revised its rating on March 01, 2023. It rated CENX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CENX
On Friday, Century Aluminum Co. [NASDAQ:CENX] saw its stock jump 3.66% to $16.70. Over the last five days, the stock has gained 8.51%. Century Aluminum Co. shares have risen nearly 37.56% since the year began. Nevertheless, the stocks have risen 74.87% over the past one year. While a 52-week high of $17.04 was reached on 04/04/24, a 52-week low of $5.70 was recorded on 02/26/24. SMA at 50 days reached $11.83, while 200 days put it at $9.20. A total of 1.15 million shares were traded, compared to the trading of 2.31 million shares in the previous session.
Levels Of Support And Resistance For CENX Stock
The 24-hour chart illustrates a support level at 16.18, which if violated will result in even more drops to 15.65. On the upside, there is a resistance level at 16.99. A further resistance level may holdings at 17.27. The Relative Strength Index (RSI) on the 14-day chart is 78.37, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.20%. Stochastics %K at 91.01% indicates the stock is a selling.
How much short interest is there in Century Aluminum Co.?
A steep rise in short interest was recorded in Century Aluminum Co. stocks on Mar 15, 2024, dropping by -0.59 million shares to a total of 7.03 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.62 million shares. There was a decline of -8.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 16.39% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.47.
