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Arcadium Lithium PLC [ALTM] Investment Guide: What You Need to Know

Arcadium Lithium PLC’s filing revealed that its Director Turner John Stephen Morris acquired Company’s shares for reported $16150.0 on Jun 21 ’24. In the deal valued at $3.23 per share,5,000 shares were bought. As a result of this transaction, Turner John Stephen Morris now holds 5,000 shares worth roughly $13350.0.

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Then, Marcet Pablo bought 10,000 shares, generating $45,000 in total proceeds. Upon buying the shares at $4.50, the Director now owns 65,674 shares.

Before that, Marcet Pablo bought 10,000 shares. Arcadium Lithium PLC shares valued at $47,000 were divested by the Director at a price of $4.70 per share. As a result of the transaction, Marcet Pablo now holds 55,674 shares, worth roughly $0.15 million.

Goldman initiated its Arcadium Lithium PLC [ALTM] rating to a Neutral in a research note published on June 27, 2024; the price target was $4.30. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late June with a ‘”an Outperform”‘ rating. Argus began covering ALTM with “Buy” recommendation on May 03, 2024. Raymond James revised its rating on April 03, 2024. It rated ALTM as “a Strong buy” which previously was an “an Outperform”.

Price Performance Review of ALTM

On Monday, Arcadium Lithium PLC [NYSE:ALTM] saw its stock fall -4.30% to $2.67. Over the last five days, the stock has gained 5.12%. Arcadium Lithium PLC shares have fallen nearly -60.79% since the year began. While a 52-week high of $7.27 was reached on 01/02/24, a 52-week low of $2.50 was recorded on 08/06/24. SMA at 50 days reached $3.44, while 200 days put it at $6.91.

Levels Of Support And Resistance For ALTM Stock

The 24-hour chart illustrates a support level at 2.61, which if violated will result in even more drops to 2.54. On the upside, there is a resistance level at 2.77. A further resistance level may holdings at 2.86. The Relative Strength Index (RSI) on the 14-day chart is 32.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.47%. Stochastics%K at 24.30% indicates the stock is a holding.

How much short interest is there in Arcadium Lithium PLC?

A steep rise in short interest was recorded in Arcadium Lithium PLC stocks on , dropping by -6.32 million shares to a total of 78.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 84.96 million shares. There was a decline of -8.04%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.

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