CENX Stock: 17.75% Decrease (From $17.24 To $14.18) Intraday Explanation

By Amit Chowdhry ● May 6, 2021
  • The stock price of Century Aluminum Co (NASDAQ: CENX) fell 17.75% (from $17.24 to a day low of $14.18) during intraday trading. This is why it happened.

The stock price of Century Aluminum Co (NASDAQ: CENX) fell 17.75% (from $17.24 to a day low of $14.18) during intraday trading. Investors are responding positively to the company’s first quarter 2021 results.

These were the highlights from the first quarter 2021 results:

— Shipments of 195,697 tonnes

— Net sales of $444 million

— Net loss of $(140) million, or $(1.55) per share

— Adjusted net loss of $(52.5) million, or $(0.54) per share

— Adjusted EBITDA of $(19.7) million primarily due to higher power prices as a result of the extraordinarily cold temperatures in the U.S. Midwest and South during February 2021

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.