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 $1,285,763 were sold by Graves Paul W on Nov 11 ’24. At $3.35 per share, Graves Paul W sold 383,352 shares. The insider’s holdings dropped to 755,640 shares worth approximately $3.97 million following the completion of this transaction.
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Also, Fochtman Barbara A purchased 61,372 shares, netting a total of over 322,952 in proceeds.
Before that, Graves Paul W had added 383,352 shares to its account. In a trade valued at $2,052,578, the Officer bought Arcadium Lithium PLC shares for $5.35 each.
As published in a research note from Scotiabank on November 11, 2024, Arcadium Lithium PLC [ALTM] has been rated down from a Sector outperform to a Sector perform and the price target has been revised to $5.85. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of August 22, 2024, Deutsche Bank has initiated its “Hold” rating for ALTM. Earlier on June 27, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for ALTM stock.
Analyzing ALTM Stock Performance
During the last five days, there has been a drop of approximately -3.49%. Over the course of the year, Arcadium Lithium PLC shares have dropped approximately -22.91%. Shares of the company reached a 52-week high of $18.62 on 01/02/24 and a 52-week low of $2.19 on 09/06/24. A 50-day SMA is recorded $4.14, while a 200-day SMA reached $4.02. Nevertheless, trading volume fell to 13.19 million shares from 11.14 million shares the previous day.
Support And Resistance Levels for Arcadium Lithium PLC (ALTM)
According to the 24-hour chart, there is a support level at 5.20, which, if violated, would cause prices to drop to 5.15. In the upper region, resistance lies at 5.31. The next price resistance is at 5.37. RSI (Relative Strength Index) is 62.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 86.49%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
