In a filing, Arcadium Lithium PLC revealed 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 $15400.0.
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Then, Marcet Pablo bought 10,000 shares, generating $47,000 in total proceeds. Upon buying the shares at $4.70, the Director now owns 55,674 shares.
Before that, Marcet Pablo bought 10,000 shares. Arcadium Lithium PLC shares valued at $45,000 were divested by the Director at a price of $4.50 per share. As a result of the transaction, Marcet Pablo now holds 65,674 shares, worth roughly $0.2 million.
UBS initiated its Arcadium Lithium PLC [ALTM] rating to a Neutral in a research note published on September 03, 2024; the price target was $3. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late August with a ‘”a Hold”‘ rating. Goldman began covering ALTM with “Neutral” recommendation on June 27, 2024. RBC Capital Mkts started covering the stock on June 26, 2024. It rated ALTM as “an Outperform”.
Price Performance Review of ALTM
On Friday, Arcadium Lithium PLC [NYSE:ALTM] saw its stock jump 10.00% to $3.08. Over the last five days, the stock has gained 6.94%. Arcadium Lithium PLC shares have fallen nearly -54.77% since the year began. While a 52-week high of $7.27 was reached on 01/02/24, a 52-week low of $2.19 was recorded on 09/06/24. SMA at 50 days reached $2.69, while 200 days put it at $4.65.
Levels Of Support And Resistance For ALTM Stock
The 24-hour chart illustrates a support level at 2.96, which if violated will result in even more drops to 2.83. On the upside, there is a resistance level at 3.20. A further resistance level may holdings at 3.32. The Relative Strength Index (RSI) on the 14-day chart is 67.73, 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 bullish at 15.25%. Stochastics %K at 80.49% indicates the stock is a selling.
How much short interest is there in Arcadium Lithium PLC?
A steep rise in short interest was recorded in Arcadium Lithium PLC stocks on 2024-09-13, growing by 2.98 million shares to a total of 74.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 71.89 million shares. There was a rise of 3.98%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 03, 2024 when Argus began covering the stock and recommended ‘”a Buy”‘ rating along with a $6.25 price target.
