| Weakness Seen in Century Aluminum (CENX): Stock Tanks 12.9% - Tale of the Tape | |
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Century Aluminum Co. (CENX) saw a big move last session, as the company’s shares fell by nearly 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CENX, as the stock is now down 18.2% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as though Century Aluminum has seen no negative revisions in the past few weeks but its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
CENX currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the basic materials sector is Norsk Hydro ASA (NHYDY), which currently carries a Zacks Rank #1 (Strong Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CENTURY ALUM CO (CENX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Century Aluminum is a producing company based in United states of america. Century Aluminum is listed in United States of America. Its market capitalisation is US$ 1.1 billions as of today (€ 1.0 billions). Its stock quote reached its lowest recent point on March 06, 2009 at US$ 1.06, and its highest recent level on September 12, 2024 at US$ 13.04. Century Aluminum has 87 260 000 shares outstanding. |