In a filing, Albemarle Corp. revealed 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 $0.63 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 $0.25 million.
HSBC Securities downgraded its Albemarle Corp. [ALB] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “an Equal weight”. Scotiabank also remained covering ALB and has decreased its forecast on May 22, 2024 with a “Sector perform” recommendation from previously “Sector outperform” rating. Berenberg revised its rating on April 11, 2024. It rated ALB as “a Buy” which previously was an “a Hold”.
Price Performance Review of ALB
On Friday, Albemarle Corp. [NYSE:ALB] saw its stock jump 1.98% to $92.80. Over the last five days, the stock has gained 0.77%. Albemarle Corp. shares have fallen nearly -35.77% since the year began. Nevertheless, the stocks have fallen -55.81% over the past one year. While a 52-week high of $215.82 was reached on 01/02/24, a 52-week low of $90.02 was recorded on 07/19/24. SMA at 50 days reached $106.83, while 200 days put it at $122.57. A total of 1.86 million shares were traded, compared to the trading of 2.78 million shares in the previous session.
Levels Of Support And Resistance For ALB Stock
The 24-hour chart illustrates a support level at 91.21, which if violated will result in even more drops to 89.63. On the upside, there is a resistance level at 93.77. A further resistance level may holdings at 94.75. The Relative Strength Index (RSI) on the 14-day chart is 41.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.68%. Stochastics%K at 14.38% indicates the stock is a buying.
