Albemarle Corp.’s filing revealed that its EVP, General Counsel Coleman Kristin M. acquired Company’s shares for reported $0.17 million on Nov 07 ’23. In the deal valued at $121.86 per share,1,373 shares were bought. As a result of this transaction, Coleman Kristin M. now holds 2,746 shares worth roughly $0.34 million.
Then, Norris Eric bought 1,260 shares, generating $246,317 in total proceeds. Upon buying the shares at $195.49, the President, Energy Storage now owns 26,596 shares.
Before that, Masters J Kent bought 5,470 shares. Albemarle Corp. shares valued at $993,571 were divested by the Chairman & CEO at a price of $181.64 per share. As a result of the transaction, Masters J Kent now holds 51,466 shares, worth roughly $6.31 million.
Berenberg upgraded its Albemarle Corp. [ALB] rating to a Buy from a a Hold in a research note published on April 11, 2024; the price target was increased to $160 from $130. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. Vertical Research also remained covering ALB and has decreased its forecast on March 08, 2024 with a “Hold” recommendation from previously “Buy” rating. Wolfe Research started covering the stock on March 01, 2024. It rated ALB as “a Peer perform”.
Price Performance Review of ALB
On Friday, Albemarle Corp. [NYSE:ALB] saw its stock fall -5.93% to $122.58. Over the last five days, the stock has lost -0.70%. Albemarle Corp. shares have fallen nearly -15.16% since the year began. Nevertheless, the stocks have fallen -39.23% over the past one year. While a 52-week high of $247.44 was reached on 01/02/24, a 52-week low of $106.69 was recorded on 03/05/24. SMA at 50 days reached $122.46, while 200 days put it at $153.21. A total of 2.8 million shares were traded, compared to the trading of 3.17 million shares in the previous session.
Levels Of Support And Resistance For ALB Stock
The 24-hour chart illustrates a support level at 119.51, which if violated will result in even more drops to 116.43. On the upside, there is a resistance level at 128.26. A further resistance level may holdings at 133.93. The Relative Strength Index (RSI) on the 14-day chart is 47.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.76%. Stochastics %K at 58.19% indicates the stock is a holding.
