As commodity prices and futures are rising...CENX is showing strong increases in the past couple days. On Monday, Sept 14th, CENX opened at 10.23 and on yesterday closed at $11.18 (9.3% increase). Currently the stock quote for CENX is at $11.96...the company's message board on yahoo is a buzz with anticipated jumps today.
Of course competitor Alcoa (AA) is seeing a jump in stock as well, opening on Monday, the 14th at $12.63, closed on the 15th at $13.99 (up 10.77%) currently trading at $14.27.
Subscribe to:
Post Comments (Atom)
I read your post about the rise from 2-star to 5 star. Looks like the rating is paying off. Analysts believe there is going to be an increased demand for companies like Century Aluminum and Alcoa. In what areas are you seeing the largest increase in demand?
ReplyDeleteSome analysts and investors have commented that global demand for US aluminum has increased due to the weakened US dollar, but manufacturing has also picked up (last week GM said it has increased their production).
ReplyDelete