Century Aluminum Acting As Leveraged-Alcoa Trade (CENX)

Posted in pre-market 
October 8th, 2009

Century Aluminum Co. (NASDAQ: CENX) is acting like a leveraged Alcoa based on its trading.  We gave a full list of aluminum and metals stocks that ran last night but this morning’s move in CENX is even stronger. At 8:42 AM EST we have seen some 160,000 shares trade hands, but the stock is up 9.6% at $10.58 after closing at $9.65.  The 52-week trading range is $1.04 to $18.69.  Again, this is solely on Alcoa.  -JON C. OGG

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