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Recent Insider Activity Suggests Potential Gains for Century Aluminum Co (CENX)

Century Aluminum Co’s recently made public that its President and CEO Gary Jesse E unloaded Company’s shares for reported $0.97 million on Jun 26 ’24. In the deal valued at $16.21 per share,60,000 shares were sold. As a result of this transaction, Gary Jesse E now holds 62,447 shares worth roughly $1.32 million.

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Then, Aboud Matt sold 3,766 shares, generating $39,957 in total proceeds. Upon selling the shares at $10.61, the SVP, Strategy & Business Dev’t now owns 59,248 shares.

Before that, Trpkovski Peter A sold 13,908 shares. Century Aluminum Co shares valued at $171,347 were divested by the SVP, Finance and Treasurer at a price of $12.32 per share. As a result of the transaction, Trpkovski Peter A now holds 41,998 shares, worth roughly $0.89 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 Tuesday, Century Aluminum Co [NASDAQ:CENX] saw its stock fall -4.38% to $21.19. Over the last five days, the stock has gained 0.67%. Century Aluminum Co shares have risen nearly 74.55% since the year began. Nevertheless, the stocks have risen 216.74% over the past one year. While a 52-week high of $22.77 was reached on 11/07/24, a 52-week low of $6.55 was recorded on 02/26/24. SMA at 50 days reached $16.44, while 200 days put it at $15.36.

Levels Of Support And Resistance For CENX Stock

The 24-hour chart illustrates a support level at 20.63, which if violated will result in even more drops to 20.08. On the upside, there is a resistance level at 21.78. A further resistance level may holdings at 22.38. The Relative Strength Index (RSI) on the 14-day chart is 68.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.16%. Stochastics %K at 84.45% 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 2024-10-31, dropping by -1.03 million shares to a total of 4.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.75 million shares. There was a decline of -21.69%, which implies that there is a negative sentiment for the stock.

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