Albemarle Corp’s recently made public that its Chairman & CEO Masters J Kent unloaded Company’s shares for reported $0.26 million on Dec 05 ’24. In the deal valued at $101.12 per share,2,525 shares were sold. As a result of this transaction, Masters J Kent now holds 73,747 shares worth roughly $7.19 million.
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Then, Jerry Kent Masters Jr. bought 2,525 shares, generating $259,090 in total proceeds.
Before that, Johnson Netha N. sold 1,060 shares. Albemarle Corp shares valued at $112,403 were divested by the Chief Operations Officer at a price of $106.04 per share. As a result of the transaction, Johnson Netha N. now holds 30,360 shares, worth roughly $2.96 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 Tuesday, Albemarle Corp [NYSE:ALB] saw its stock fall -2.00% to $97.55. Over the last five days, the stock has lost -6.18%. Albemarle Corp shares have fallen nearly -32.48% since the year began. Nevertheless, the stocks have fallen -33.67% 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 $101.75, while 200 days put it at $104.75.
Levels Of Support And Resistance For ALB Stock
The 24-hour chart illustrates a support level at 95.88, which if violated will result in even more drops to 94.20. On the upside, there is a resistance level at 99.77. A further resistance level may holdings at 101.98. The Relative Strength Index (RSI) on the 14-day chart is 41.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.54%. Stochastics %K at 9.00% indicates the stock is a buying.
How much short interest is there in Albemarle Corp?
A steep rise in short interest was recorded in Albemarle Corp stocks on 2024-11-29, dropping by -0.92 million shares to a total of 12.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.63 million shares. There was a decline of -7.23%, which implies that there is a negative sentiment for the stock.
