In a filing, Century Aluminum Co revealed its EVP – Global Operations Gudlaugsson Gunnar unloaded Company’s shares for reported $0.48 million on Dec 05 ’24. In the deal valued at $23.85 per share,20,000 shares were sold. As a result of this transaction, Gudlaugsson Gunnar now holds 107,932 shares worth roughly $2.25 million.
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Then, Gudlaugsson Gunnar bought 20,000 shares, generating $479,000 in total proceeds.
Before that, Gary Jesse E sold 60,000 shares. Century Aluminum Co shares valued at $972,600 were divested by the President and CEO at a price of $16.21 per share. As a result of the transaction, Gary Jesse E now holds 62,447 shares, worth roughly $1.3 million.
Wolfe Research upgraded its Century Aluminum Co [CENX] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Wolfe Research also remained covering CENX and has increased its forecast on December 18, 2023 with a “Peer perform” recommendation from previously “an Underperform” rating. Wolfe Research revised its rating on July 11, 2023. It rated CENX as “an Underperform” which previously was an “a Peer perform”.
Price Performance Review of CENX
On Friday, Century Aluminum Co [NASDAQ:CENX] saw its stock fall -2.57% to $20.87. Over the last five days, the stock has lost -8.14%. Century Aluminum Co shares have risen nearly 71.91% since the year began. Nevertheless, the stocks have risen 143.24% over the past one year. While a 52-week high of $25.39 was reached on 12/03/24, a 52-week low of $7.76 was recorded on 02/26/24. SMA at 50 days reached $20.06, while 200 days put it at $16.68.
Levels Of Support And Resistance For CENX Stock
The 24-hour chart illustrates a support level at 20.39, which if violated will result in even more drops to 19.91. On the upside, there is a resistance level at 21.48. A further resistance level may holdings at 22.08. The Relative Strength Index (RSI) on the 14-day chart is 43.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.68%. Stochastics %K at 4.23% indicates the stock is a buying.
How much short interest is there in Century Aluminum Co?
A steep rise in short interest was recorded in Century Aluminum Co stocks on 2024-11-29, dropping by -0.5 million shares to a total of 4.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.73 million shares. There was a decline of -11.73%, which implies that there is a negative sentiment for the stock.
