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 $ 6.16 million.
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 $2.54 million.
Evercore ISI downgraded its Albemarle Corp [ALB] rating to an In-line from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late January with a ‘”a Hold”‘ rating. Clarksons Platou began covering ALB with “Buy” recommendation on January 14, 2025. Robert W. Baird revised its rating on August 05, 2024. It rated ALB as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of ALB
On Tuesday, Albemarle Corp [NYSE:ALB] saw its stock jump 2.92% to $83.58. Over the last five days, the stock has gained 11.23%. Albemarle Corp shares have fallen nearly -2.90% since the year began. Nevertheless, the stocks have fallen -26.93% over the past one year. While a 52-week high of $143.19 was reached on 01/17/25, a 52-week low of $71.97 was recorded on 02/11/25. SMA at 50 days reached $89.71, while 200 days put it at $97.73.
Levels Of Support And Resistance For ALB Stock
The 24-hour chart illustrates a support level at 80.59, which if violated will result in even more drops to 77.60. On the upside, there is a resistance level at 85.34. A further resistance level may holdings at 87.10. The Relative Strength Index (RSI) on the 14-day chart is 48.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.80%. Stochastics %K at 60.61% indicates the stock is a holding.
