Albemarle Corp’s recently made public that its Chief Operations Officer Johnson Netha N. unloaded Company’s shares for reported $0.11 million on Nov 19 ’24. In the deal valued at $106.04 per share,1,060 shares were sold. As a result of this transaction, Johnson Netha N. now holds 30,360 shares worth roughly $3.27 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Johnson Netha N. bought 1,060 shares, generating $112,399 in total proceeds.
Before that, Mummert Mark Richard sold 843 shares. Albemarle Corp shares valued at $114,250 were divested by the SVP, Capital Projects at a price of $135.53 per share. As a result of the transaction, Mummert Mark Richard now holds 6,802 shares, worth roughly $0.73 million.
Robert W. Baird downgraded its Albemarle Corp [ALB] rating to a Neutral from a an Outperform in a research note published on August 05, 2024; the price target was decreased to $85 from $102. A number of analysts have revised their coverage, including Berenberg’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Hold”. HSBC Securities also remained covering ALB and has decreased its forecast on July 17, 2024 with a “Hold” recommendation from previously “Buy” rating. Wells Fargo revised its rating on July 11, 2024. It rated ALB as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of ALB
On Friday, Albemarle Corp [NYSE:ALB] saw its stock fall -0.26% to $107.70. Over the last five days, the stock has lost -1.17%. Albemarle Corp shares have fallen nearly -25.46% since the year began. Nevertheless, the stocks have fallen -12.71% over the past one year. While a 52-week high of $153.54 was reached on 01/02/24, a 52-week low of $71.97 was recorded on 08/14/24. SMA at 50 days reached $99.37, while 200 days put it at $106.06.
Levels Of Support And Resistance For ALB Stock
The 24-hour chart illustrates a support level at 106.69, which if violated will result in even more drops to 105.67. On the upside, there is a resistance level at 108.66. A further resistance level may holdings at 109.61. The Relative Strength Index (RSI) on the 14-day chart is 56.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.00%. Stochastics %K at 72.05% indicates the stock is a holding.
How much short interest is there in Albemarle Corp?
A steep rise in short interest was recorded in Albemarle Corp stocks on 2024-11-15, dropping by -1.38 million shares to a total of 12.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 13.72 million shares. There was a decline of -11.18%, which implies that there is a negative sentiment for the stock.
