Century Aluminum Company (NASDAQ:CENX) has tumbled 0.76% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.36% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.43% and the outperformance has advanced to 1.42% for the last 4 weeks period.
Century Aluminum Company (NASDAQ:CENX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.51 and $6.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.51, notching a gain of 1.40% for the day. The total traded volume was 1,986,465 . The stock had closed at $6.42 on the previous day.
The company shares have dropped -42.34% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $11.88 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $6.88 and the 200 Day Moving Average price is recorded at $5.93.
Currently the company Insiders own 0.5% of Century Aluminum Company shares according to the proxy statements. Institutional Investors own 55.57% of Century Aluminum Company shares.
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.