Arcadium Lithium PLC’s filing revealed that its Director Oris de Roa Fernando acquired Company’s shares for reported $24450.0 on Mar 06 ’24. In the deal valued at $4.89 per share,5,000 shares were bought. As a result of this transaction, Oris de Roa Fernando now holds 91,000 shares worth roughly $0.38 million.
Then, Marcet Pablo bought 14,034 shares, generating $66,662 in total proceeds. Upon buying the shares at $4.75, the Director now owns 30,876 shares.
Raymond James upgraded its Arcadium Lithium PLC [ALTM] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early March with a ‘”a Peer perform”‘ rating. Piper Sandler began covering ALTM with “an Underweight” recommendation on February 07, 2024. JP Morgan started covering the stock on January 29, 2024. It rated ALTM as “a Neutral”.
Price Performance Review of ALTM
On Friday, Arcadium Lithium PLC [NYSE:ALTM] saw its stock fall -0.24% to $4.19. Over the last five days, the stock has lost -2.78%. Arcadium Lithium PLC shares have fallen nearly -38.47% since the year began. While a 52-week high of $7.27 was reached on 01/02/24, a 52-week low of $3.95 was recorded on 03/27/24. SMA at 50 days reached $4.70, while 200 days put it at $14.94. A total of 6.51 million shares were traded, compared to the trading of 61100.0 shares in the previous session.
Levels Of Support And Resistance For ALTM Stock
The 24-hour chart illustrates a support level at 4.12, which if violated will result in even more drops to 4.06. On the upside, there is a resistance level at 4.26. A further resistance level may holdings at 4.34. The Relative Strength Index (RSI) on the 14-day chart is 40.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.73%. Stochastics %K at 34.29% indicates the stock is a holding.
How much short interest is there in Arcadium Lithium PLC?
A steep rise in short interest was recorded in Arcadium Lithium PLC stocks on Mar 15, 2024, growing by 1.83 million shares to a total of 59.89 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 58.06 million shares. There was a rise of 3.06%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.27% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.25.
The most recent change occurred on January 22, 2024 when Macquarie began covering the stock and recommended ‘”an Outperform”‘ rating along with a $7.30 price target.
