Century Aluminum CEO Sells 150,000 Shares Amid Soaring Aluminum Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 22 2026
0mins
Should l Buy CENX?
Source: Yahoo Finance
- Transaction Overview: Jesse Gary, CEO of Century Aluminum, sold 150,000 shares on March 16, 2026, for approximately $8.32 million, marking the largest individual sale in the past three years, indicating a focus on liquidity by the executive.
- Indirect Sale Implications: The shares sold were held in a revocable trust controlled by Gary, and the transaction was executed under a completed Rule 10b5-1 plan, suggesting pre-arranged liquidity rather than discretionary selling, which may affect market confidence in the company's management.
- Rising Aluminum Prices Context: As of March 16, 2026, aluminum futures rose to $3,440 per metric ton, nearing a four-year high, reflecting sustained demand amid geopolitical tensions, which could lead to increased revenue and profits for Century Aluminum.
- Strategic Partnership Outlook: Century Aluminum's partnership with Emirates Global Aluminum to build the first aluminum smelting plant in the U.S. in 47 years is expected to create 1,000 jobs, with Century holding a 40% stake in the project, highlighting its significant strategic position in domestic aluminum production.
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Analyst Views on CENX
Wall Street analysts forecast CENX stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 49.650
Low
42.00
Averages
55.67
High
64.00
Current: 49.650
Low
42.00
Averages
55.67
High
64.00
About CENX
Century Aluminum Company is a global producer of primary aluminum and alumina with production facilities in the United States, Iceland and Jamaica. The Company also own a carbon anode production facility located in the Netherlands (Vlissingen). Carbon anodes are consumed in the production of primary aluminum. Vlissingen supplies carbon anodes to its aluminum smelter in Iceland. [AJ1] Its bauxite mining and alumina refinery in Clarendon, Jamaica (Jamalco) produces smelter grade alumina for consumption around the world. It also owns and operates aluminum reduction facilities in the United States and Iceland. It operates a United States aluminum smelters in Goose Creek, South Carolina and one smelter in Grundartangi, Iceland (Noroural, commonly referred to as Grundartangi). Its primary aluminum facilities produce standard grade and value-added primary aluminum products, including low-carbon aluminum products, Natur-Al, produced in Iceland.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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