Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Century Aluminum Co. shares valued at $972,600 were sold by Gary Jesse E on Jun 26 ’24. At $16.21 per share, Gary Jesse E sold 60,000 shares. The insider’s holdings dropped to 62,447 shares worth approximately $1.03 million following the completion of this transaction.
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Also, Aboud Matt sold 3,766 shares, netting a total of over 39,957 in proceeds. Following the sale of shares at $10.61 each, the insider now holds 59,248 shares.
Before that, Trpkovski Peter A had sold 13,908 shares from its account. In a trade valued at $171,347, the SVP, Finance and Treasurer traded Century Aluminum Co. shares for $12.32 each. Upon closing the transaction, the insider’s holdings decreased to 13,908 shares, worth approximately $0.69 million.
As published in a research note from B. Riley Securities on January 09, 2024, Century Aluminum Co. [CENX] has been rated up from a Neutral to a Buy and the price target has been revised to $14 from $10. Analysts at Wolfe Research upgraded the stock from ‘”an Underperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid December. As of July 11, 2023, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for CENX. Earlier on March 01, 2023, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for CENX stock which previously was a “a Buy”.
Analyzing CENX Stock Performance
During the last five days, there has been a surge of approximately 5.91%. Over the course of the year, Century Aluminum Co. shares have jumped approximately 35.75%. Shares of the company reached a 52-week high of $21.37 on 07/03/24 and a 52-week low of $9.65 on 02/26/24. A 50-day SMA is recorded $14.26, while a 200-day SMA reached $14.52. Nevertheless, trading volume fell to 0.85 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Century Aluminum Co. (CENX)
According to the 24-hour chart, there is a support level at 16.01, which, if violated, would cause prices to drop to 15.55. In the upper region, resistance lies at 16.73. The next price resistance is at 16.99. RSI (Relative Strength Index) is 60.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 8.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
