Century Aluminum ( (CENX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Century Aluminum shares moved higher after Wells Fargo lifted its price target, arguing that tight global supply should keep aluminum prices supported through at least the third quarter of 2026. The bank also highlighted high power costs and a growing shift from copper to aluminum as key tailwinds for the metal and the company. This upbeat outlook comes after a period of sharp declines in Century Aluminum’s stock, which had been pressured by broader market weakness and specific trading activity, making the recent upgrade particularly notable for investors watching the rebound.
More about Century Aluminum
YTD Price Performance: 107.42%
Average Trading Volume: 2,306,172
Technical Sentiment Signal: Buy
Current Market Cap: $3.38B
For further insights into CENX stock on TipRanks’ Stock Analysis page.
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