Century Aluminum CEO Sells 150,000 Shares for $8.32 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 22 2026
0mins
Should l Buy CENX?
Source: NASDAQ.COM
- Executive Sell-off: Jesse Gary, CEO of Century Aluminum, sold 150,000 indirect shares on March 16, 2026, generating approximately $8.32 million at $55.47 per share, representing 51.27% of indirect holdings and 26.32% of total holdings, indicating a cautious outlook from the executive regarding the company's future.
- Rising Aluminum Prices: Amid ongoing geopolitical tensions, aluminum futures surged to $3,440 per metric ton on March 16, 2026, nearing a four-year high, which could positively impact Century Aluminum's profitability, especially given the strong demand for its aluminum products.
- Strategic Partnership: Century Aluminum has formed a landmark partnership with Emirates Global Aluminum to build the first aluminum smelting plant in the U.S. in 47 years, expected to add 1,000 jobs to the market, with Century holding a 40% stake in the project, significantly enhancing its market position.
- Stock Performance: Century Aluminum's stock soared approximately 150% in 2025 and rose about 22% as of March 21, 2026, reflecting the company's strong growth potential in the aluminum market, although analysts remain cautious about its future performance.
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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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