Albemarle Corp.’s filing revealed that its SVP, Capital Projects Mummert Mark Richard unloaded Company’s shares for reported $0.11 million on May 14 ’24. In the deal valued at $135.53 per share,843 shares were sold. As a result of this transaction, Mummert Mark Richard now holds 6,802 shares worth roughly $0.66 million.
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Then, Barichivich John Clarence III sold 1,475 shares, generating $194,951 in total proceeds. Upon selling the shares at $132.17, the VP, Controller & CAO now owns 4,743 shares.
Before that, Coleman Kristin M. bought 1,373 shares. Albemarle Corp. shares valued at $167,314 were divested by the EVP, General Counsel at a price of $121.86 per share. As a result of the transaction, Coleman Kristin M. now holds 2,746 shares, worth roughly $0.27 million.
Scotiabank downgraded its Albemarle Corp. [ALB] rating to a Sector perform from a a Sector outperform in a research note published on May 22, 2024; the price target was decreased to $135 from $150. A number of analysts have revised their coverage, including Berenberg’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. BofA Securities also remained covering ALB and has increased its forecast on April 10, 2024 with a “Buy” recommendation from previously “Neutral” rating. Vertical Research revised its rating on March 08, 2024. It rated ALB as “a Hold” which previously was an “a Buy”.
Price Performance Review of ALB
On Tuesday, Albemarle Corp. [NYSE:ALB] saw its stock fall -0.36% to $97.06. Over the last five days, the stock has gained 4.62%. Albemarle Corp. shares have fallen nearly -32.82% since the year began. Nevertheless, the stocks have fallen -56.49% over the past one year. While a 52-week high of $247.44 was reached on 01/02/24, a 52-week low of $92.29 was recorded on 06/21/24. SMA at 50 days reached $116.84, while 200 days put it at $128.70. A total of 4.04 million shares were traded, compared to the trading of 2.45 million shares in the previous session.
Levels Of Support And Resistance For ALB Stock
The 24-hour chart illustrates a support level at 94.52, which if violated will result in even more drops to 91.98. On the upside, there is a resistance level at 101.08. A further resistance level may holdings at 105.09. The Relative Strength Index (RSI) on the 14-day chart is 35.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.01%. Stochastics%K at 16.50% indicates the stock is a buying.
The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.
