In a filing, Arcadium Lithium PLC revealed its CFO, VP & Treasurer Antoniazzi Gilberto unloaded Company’s shares for reported $0.87 million on Nov 14 ’24. In the deal valued at $5.25 per share,166,038 shares were sold. As a result of this transaction, Antoniazzi Gilberto now holds 129,972 shares worth roughly $0.68 million.
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Then, Fochtman Barbara A sold 51,748 shares, generating $272,210 in total proceeds. Upon selling the shares at $5.26, the Chief Operations Officer now owns 133,627 shares.
Before that, Fochtman Barbara A sold 9,624 shares. Arcadium Lithium PLC shares valued at $50,742 were divested by the Chief Operations Officer at a price of $5.27 per share. As a result of the transaction, Fochtman Barbara A now holds 0 shares, worth roughly $0.0.
Scotiabank downgraded its Arcadium Lithium PLC [ALTM] rating to a Sector perform from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Deutsche Bank began covering ALTM with “Hold” recommendation on August 22, 2024. Goldman started covering the stock on June 27, 2024. It rated ALTM as “a Neutral”.
Price Performance Review of ALTM
On Monday, Arcadium Lithium PLC [NYSE:ALTM] saw its stock fall -0.38% to $5.20. Over the last five days, the stock has lost -3.17%. Arcadium Lithium PLC shares have fallen nearly -23.64% 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 $4.32, while 200 days put it at $4.02.
Levels Of Support And Resistance For ALTM Stock
The 24-hour chart illustrates a support level at 5.19, which if violated will result in even more drops to 5.17. On the upside, there is a resistance level at 5.22. A further resistance level may holdings at 5.23. The Relative Strength Index (RSI) on the 14-day chart is 58.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.43%. Stochastics %K at 5.87% indicates the stock is a buying.
How much short interest is there in Arcadium Lithium PLC?
A steep rise in short interest was recorded in Arcadium Lithium PLC stocks on 2024-10-31, dropping by -17.36 million shares to a total of 64.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 81.37 million shares. There was a decline of -27.12%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 26, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $4 price target.
