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Is Century Aluminum Co (CENX) a Stock to Watch After Gaining 7.24% This Week?

Monday, March 18, 2024 12:26 PM | InvestorsObserver Analysts

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Is Century Aluminum Co (CENX) a Stock to Watch After Gaining 7.24% This Week?

Overall market sentiment has been high on Century Aluminum Co (CENX) stock lately. CENX receives a Bullish rating from InvestorsObserver Stock 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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CENX Stock Today?

Century Aluminum Co (CENX) stock is trading at $12.30 as of 12:25 PM on Monday, Mar 18, a rise of $0.23, or 1.95% from the previous closing price of $12.06. The stock has traded between $12.07 and $12.43 so far today. Volume today is below average. So far 405,511 shares have traded compared to average volume of 1,294,052 shares. To see InvestorsObserver's Sentiment Score for 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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