Why Century Aluminum Stock Slumped 11% Today
Last Thursday, aluminum maker Century Aluminum (NASDAQ: CENX) reported a small earnings miss for its fiscal third quarter, coming in at $0.22 per share, a penny short of analyst estimates. Wall Street was in a forgiving mood, however, and by the close of trading Friday, Century stock was down only a few pennies below where it had closed Thursday.
But that didn't last long.
On Monday, the long-delayed reaction to the earnings miss arrived, when a downgrade from investment banker J.P. Morgan sparked an 11.1% sell-off in Century stock.
Source: Fool.com
Century Aluminium Co. Stock
€44.78
0.990%
Century Aluminium Co. is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
As a result the target price of 64 € shows a positive potential of 42.92% compared to the current price of 44.78 € for Century Aluminium Co..
