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 $27700.0 following the completion of this transaction.
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Also, Marcet Pablo purchased 10,000 shares, netting a total of over 47,000 in proceeds. Following the buying of shares at $4.70 each, the insider now holds 55,674 shares.
Before that, Marcet Pablo had added 10,000 shares to its account. In a trade valued at $45,000, the Director bought Arcadium Lithium PLC shares for $4.50 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.36 million.
As published in their initiating research note from UBS on September 03, 2024, Arcadium Lithium PLC [ALTM] has been a Neutral and the price target has been revised to $3. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in late August. As of June 27, 2024, Goldman has initiated its “Neutral” rating for ALTM. Earlier on June 26, 2024, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for ALTM stock.
Analyzing ALTM Stock Performance
During the last five days, there has been a surge of approximately 0.18%. Over the course of the year, Arcadium Lithium PLC shares have dropped approximately -18.65%. Nevertheless, trading volume fell to 29.55 million shares from 25.3 million shares the previous day.
Support And Resistance Levels for Arcadium Lithium PLC (ALTM)
RSI (Relative Strength Index) is 88.99 on the 14-day chart, showing overbought technical sentiment.
