The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Arcadium Lithium PLC shares valued at $24,450 were purchased by Oris de Roa Fernando on Mar 06 ’24. At $4.89 per share, Oris de Roa Fernando acquired 5,000 shares. The insider’s holdings grew to 91,000 shares worth approximately $0.41 million following the completion of this transaction.
Also, Marcet Pablo purchased 14,034 shares, netting a total of over 66,662 in proceeds. Following the buying of shares at $4.75 each, the insider now holds 30,876 shares.
As published in a research note from Raymond James on April 03, 2024, Arcadium Lithium PLC [ALTM] has been rated up from an Outperform to a Strong buy and the price target has been revised to $9. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in early March. As of February 07, 2024, Piper Sandler has initiated its “an Underweight” rating for ALTM. Earlier on January 29, 2024, JP Morgan initiated its rating. Their recommendation was “a Neutral” for ALTM stock.
Analyzing ALTM Stock Performance
During the last five days, there has been a surge of approximately 17.57%. Over the course of the year, Arcadium Lithium PLC shares have dropped approximately -33.19%. Shares of the company reached a 52-week high of $18.62 on 01/02/24 and a 52-week low of $3.67 on 04/18/24. A 50-day SMA is recorded $4.47, while a 200-day SMA reached $12.84. Nevertheless, trading volume fell to 12.33 million shares from 61100.0 shares the previous day.
Support And Resistance Levels for Arcadium Lithium PLC (ALTM)
According to the 24-hour chart, there is a support level at 4.36, which, if violated, would cause prices to drop to 4.16. In the upper region, resistance lies at 4.71. The next price resistance is at 4.87. RSI (Relative Strength Index) is 57.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 12.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
