Top 5 Losers on Wednesday

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In this article, we take a look at five stocks that are declining on Wednesday. If you want to take a look at some more stocks that are losing and the latest market situation, go to Top 10 Losers on Wednesday.

5. Century Aluminum Company (NASDAQ:CENX) has crashed 13.49% as of 11:53 AM ET after the Illinois-based producer of standard-grade and value-added primary aluminum products was downgraded from an Outperform to a Market Perform rating by Timna Tanners at Wolfe Research. The analyst reduced the price target on Century Aluminum Company (NASDAQ:CENX) by more than half to $14, as opposed to $30 previously. The analyst thinks that Century Aluminum Company (NASDAQ:CENX) is heavily exposed to a decline in spot prices that can worsen during the summer months.

As of Q4 2021, 19 hedge funds reported owning a stake in Century Aluminum Company (NASDAQ:CENX).

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