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. Albemarle Corp shares valued at $255,328 were sold by Masters J Kent on Dec 05 ’24. At $101.12 per share, Masters J Kent sold 2,525 shares. The insider’s holdings dropped to 73,747 shares worth approximately $4.37 million following the completion of this transaction.
Also, Jerry Kent Masters Jr. purchased 2,525 shares, netting a total of over 259,090 in proceeds.
Before that, Johnson Netha N. had sold 1,060 shares from its account. In a trade valued at $112,403, the Chief Operations Officer traded Albemarle Corp shares for $106.04 each. Upon closing the transaction, the insider’s holdings decreased to 1,060 shares, worth approximately $1.8 million.
As published in a research note from Evercore ISI on February 05, 2025, Albemarle Corp [ALB] has been rated down from an Outperform to an In-line. Analysts at Truist started covering the stock with ‘”a Hold”‘ outlook in a report released in late January. As of January 14, 2025, Clarksons Platou has initiated its “Buy” rating for ALB. Earlier on August 05, 2024, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for ALB stock which previously was a “an Outperform”.
Analyzing ALB Stock Performance
During the last five days, there has been a surge of approximately 1.98%. Over the course of the year, Albemarle Corp shares have dropped approximately -31.09%. Shares of the company reached a 52-week high of $99.07 on 01/17/25 and a 52-week low of $49.43 on 04/08/25. A 50-day SMA is recorded $68.36, while a 200-day SMA reached $86.25.
Support And Resistance Levels for Albemarle Corp (ALB)
According to the 24-hour chart, there is a support level at 57.31, which, if violated, would cause prices to drop to 55.31. In the upper region, resistance lies at 62.39. The next price resistance is at 65.46. RSI (Relative Strength Index) is 45.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.77, which suggests the price will increase in the coming days. Percent R is at 32.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
