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 $870,869 were sold by Antoniazzi Gilberto on Nov 14 ’24. At $5.25 per share, Antoniazzi Gilberto sold 166,038 shares. The insider’s holdings dropped to 129,972 shares worth approximately $0.69 million following the completion of this transaction.
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Also, Fochtman Barbara A sold 51,748 shares, netting a total of over 272,210 in proceeds. Following the sale of shares at $5.26 each, the insider now holds 133,627 shares.
Before that, Fochtman Barbara A had sold 9,624 shares from its account. In a trade valued at $50,742, the Chief Operations Officer traded Arcadium Lithium PLC shares for $5.27 each. Upon closing the transaction, the insider’s holdings decreased to 9,624 shares, worth approximately $0.0.
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 surge of approximately 1.15%. Over the course of the year, Arcadium Lithium PLC shares have dropped approximately -22.47%. 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 $4.49, while a 200-day SMA reached $4.04. Nevertheless, trading volume fell to 5.36 million shares from 8.21 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 5.21, which, if violated, would cause prices to drop to 5.14. In the upper region, resistance lies at 5.33. The next price resistance is at 5.37. RSI (Relative Strength Index) is 62.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 59.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
