Beacon Pointe Advisors LLC acquired 434 shares of Albemarle Co.. The top dividend stock, Albemarle (ALB), should be bought as the company has a strong outlook fueled by the expanding EV market. PNC Financial Services Group grew its position in the company. However, Wells Fargo & Company decreased its stake in Albemarle. The corporation's earning expectations for Q1 are expected to decline. Brown Advisory and Jump Financial LLC sold some of their shares but Albemarle's share price indicates a positive trend. Albemarle faced the risk of Lithium and EV overcapacity. Despite this, Albemarle's Q1 revenues beat estimates. The stock price went down due to insider selling, but it's expected to surge with the acceleration of lithium growth. There's a decrease in EPS estimates for FY2024. Despite this, some investors see Albemarle as a value opportunity. However, Scotiabank downgraded Albemarle. Overall, recent stock market fluctuations likely affect Albemarle's stock performance.
Albemarle Stocks ALB News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sun, 26 May 2024 12:21:51 GMT -
Rating 2
- Innovation 1
- Information 7
- Rumor -3
