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 $0.43 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.
Argus initiated its Arcadium Lithium PLC [ALTM] rating to a Buy in a research note published on May 03, 2024; the price target was $6.25. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early April from “an Outperform” to “a Strong buy”. Wolfe Research began covering ALTM with “Peer perform” recommendation on March 01, 2024. Piper Sandler started covering the stock on February 07, 2024. It rated ALTM as “an Underweight”.
Price Performance Review of ALTM
On Friday, Arcadium Lithium PLC [NYSE:ALTM] saw its stock fall -1.06% to $4.68. Over the last five days, the stock has gained 20.62%. Arcadium Lithium PLC shares have fallen nearly -31.28% since the year began. While a 52-week high of $7.27 was reached on 01/02/24, a 52-week low of $3.67 was recorded on 04/18/24. SMA at 50 days reached $4.47, while 200 days put it at $12.60. A total of 9.51 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 4.61, which if violated will result in even more drops to 4.53. On the upside, there is a resistance level at 4.82. A further resistance level may holdings at 4.95. The Relative Strength Index (RSI) on the 14-day chart is 59.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.53%. Stochastics %K at 89.13% indicates the stock is a selling.
The most recent change occurred on January 29, 2024 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $5 price target.
