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Do Traders Think Century Aluminum Co (CENX) Can Keep Climbing Wednesday?

Wednesday, August 10, 2022 03:29 PM | InvestorsObserver Analysts
Do Traders Think Century Aluminum Co (CENX) Can Keep Climbing Wednesday?

Century Aluminum Co (CENX) stock is up 21.29% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Century Aluminum Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CENX!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CENX Stock Today?

Century Aluminum Co (CENX) stock is trading at $9.57 as of 3:28 PM on Wednesday, Aug 10, an increase of $1.52, or 18.88% from the previous closing price of $8.05. The stock has traded between $8.10 and $9.66 so far today. Volume today is more active than usual. So far 2,625,677 shares have traded compared to average volume of 1,838,867 shares. To screen for more stocks like Century Aluminum Co click here.

More About Century Aluminum Co

Century Aluminum Co produces primary aluminum standard grade and value-added products. The firm operates smelter facilities in the United States and Iceland. The majority of revenue is generated from Glencore, which agreed to purchase nearly all of Century Aluminum's North American production. Century purchases nearly all of its alumina from Glencore. The company produces high purity aluminum, standard grade aluminum sow and tee bars, and value-added billet and foundry products. Century also owns a carbon anode production facility in the Netherlands. Click Here to get the full Stock Report for Century Aluminum Co stock.

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