Large Inflow of Money Witnessed in Century Aluminum Company

Century Aluminum Company (NASDAQ:CENX) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $2.06 million worth of transactions were on upticks, whereas, the downticks accounted for $1.47 million worth of transactions. The net money flow was a positive $0.59 million and the uptick to downtick ratio was 1.4. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 6.46 in their favor. The net money flow into the stock was $0.58 million. The value of block trades done on downticks was only $0.11 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.69 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Century Aluminum Company (NASDAQ:CENX) was trading at $6.06, down $0.03 during day. The stock slid -0.49% over the previous days close. For the week, the stock recorded -3.35% over the previous weeks close.


Currently the company Insiders own 0.5% of Century Aluminum Company shares according to the proxy statements. Institutional Investors own 55.58% of Century Aluminum Company shares.

The company shares have dropped -39.82% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $10.59 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $6.59 and the 200 Day Moving Average price is recorded at $6.10. Century Aluminum Company (NASDAQ:CENX): The stock opened at $6.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.25 for the day. The stock traded down to $5.98 during the day, due to lack of any buying support eventually closed down at $6.06 with a loss of -0.49% for the day. The stock had closed at $6.09 on the previous day. The total traded volume was 1,674,249 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.

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