Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.68 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 Argus on December 12, 2024, Arcadium Lithium PLC [ALTM] has been rated down from a Buy to a Hold. Analysts at Scotiabank downgraded the stock from ‘”a Sector outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid November. As of September 03, 2024, UBS has initiated its “Neutral” rating for ALTM. Earlier on August 22, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for ALTM stock.
Analyzing ALTM Stock Performance
During the last five days, there has been a surge of approximately 3.36%. Over the course of the year, Arcadium Lithium PLC shares have dropped approximately -23.20%. 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 $5.28, while a 200-day SMA reached $4.07. Nevertheless, trading volume fell to 11.2 million shares from 12.83 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 5.16, which, if violated, would cause prices to drop to 5.07. In the upper region, resistance lies at 5.31. The next price resistance is at 5.37. RSI (Relative Strength Index) is 56.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 2.17%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
