Century Aluminum Company (CENX) has risen sharply, recording gains of 11.48% in the past 4 weeks. However, the stock has corrected -15.88% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.43% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Century Aluminum Company (NASDAQ:CENX): The stock opened at $7.05 on Friday but the bulls could not build on the opening and the stock topped out at $7.14 for the day. The stock traded down to $6.90 during the day, due to lack of any buying support eventually closed down at $6.99 with a loss of -1.69% for the day. The stock had closed at $7.11 on the previous day. The total traded volume was 1,546,304 shares.
The stock has recorded a 20-day Moving Average of 0.53% and the 50-Day Moving Average is 3.09%. Century Aluminum Co. has dropped 15.17% during the last 3-month period . Year-to-Date the stock performance stands at 58.14%.
Century Aluminum Company (Century) is a holding company, engaged in the production of primary aluminum and operation of aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates three United States aluminum smelters, in Hawesville, Kentucky (Hawesville), Robards, Kentucky (Sebree) and Mt. Holly, South Carolina (Mt. Holly), and one smelter in Grundartangi, Iceland (Grundartangi). The Company produces several primary products at its facilities, which include billet, foundry, slab and sow. The Companys annual primary aluminum production capacity is approximately 1,166,000 tons per year (tpy). In addition to its primary aluminum assets, the Company also owns a carbon anode production facility located in Vlissingen, the Netherlands (Vlissingen) and Baise Haohai Carbon Company, Ltd. (BHH) that owns and operates a carbon anode and cathode facility located in the Guangxi Zhuang Autonomous Region of south China.