The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Century Aluminum Co shares valued at $477,000 were sold by Gudlaugsson Gunnar on Dec 05 ’24. At $23.85 per share, Gudlaugsson Gunnar sold 20,000 shares. The insider’s holdings dropped to 107,932 shares worth approximately $2.01 million following the completion of this transaction.
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Also, Gudlaugsson Gunnar purchased 20,000 shares, netting a total of over 479,000 in proceeds.
Before that, Gary Jesse E had sold 60,000 shares from its account. In a trade valued at $972,600, the President and CEO traded Century Aluminum Co shares for $16.21 each. Upon closing the transaction, the insider’s holdings decreased to 60,000 shares, worth approximately $1.16 million.
As published in a research note from Wolfe Research on December 03, 2024, Century Aluminum Co [CENX] has been rated up from a Peer perform to an Outperform and the price target has been revised to $27. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 18, 2023, Wolfe Research has increased its “an Underperform” rating to a “Peer perform” for CENX. Earlier on July 11, 2023, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for CENX stock which previously was a “a Peer perform”.
Analyzing CENX Stock Performance
During the last five days, there has been a drop of approximately -13.92%. Over the course of the year, Century Aluminum Co shares have jumped approximately 53.13%. Shares of the company reached a 52-week high of $25.39 on 12/03/24 and a 52-week low of $9.65 on 02/26/24. A 50-day SMA is recorded $20.29, while a 200-day SMA reached $16.82. Nevertheless, trading volume fell to 1.32 million shares from 1.07 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 17.94, which, if violated, would cause prices to drop to 17.30. In the upper region, resistance lies at 19.60. The next price resistance is at 20.61. RSI (Relative Strength Index) is 31.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.37, which suggests the price will decrease in the coming days. Percent R is at 96.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
