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 $16,150 were purchased by Turner John Stephen Morris on Jun 21 ’24. At $3.23 per share, Turner John Stephen Morris acquired 5,000 shares. The insider’s holdings grew to 5,000 shares worth approximately $17900.0 following the completion of this transaction.
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Also, Marcet Pablo purchased 10,000 shares, netting a total of over 45,000 in proceeds. Following the buying of shares at $4.50 each, the insider now holds 65,674 shares.
Before that, Marcet Pablo had added 10,000 shares to its account. In a trade valued at $47,000, the Director bought Arcadium Lithium PLC shares for $4.70 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.2 million.
As published in their initiating research note from RBC Capital Mkts on June 26, 2024, Arcadium Lithium PLC [ALTM] has been an Outperform and the price target has been revised to $4. Analysts at Argus started covering the stock with ‘”a Buy”‘ outlook in a report released in early May. As of April 03, 2024, Raymond James has increased its “an Outperform” rating to a “Strong buy” for ALTM. Earlier on March 01, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for ALTM stock.
Analyzing ALTM Stock Performance
During the last five days, there has been a surge of approximately 6.55%. Over the course of the year, Arcadium Lithium PLC shares have dropped approximately -47.43%. Shares of the company reached a 52-week high of $18.62 on 01/02/24 and a 52-week low of $3.10 on 06/25/24. A 50-day SMA is recorded $4.19, while a 200-day SMA reached $9.26. Nevertheless, trading volume fell to 14.61 million shares from 20.99 million 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 3.41, which, if violated, would cause prices to drop to 3.23. In the upper region, resistance lies at 3.70. The next price resistance is at 3.81. RSI (Relative Strength Index) is 41.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 60.98%, indicating low price movement. Stochastics%K at buying indicates that the stock is to be held.
