American Trust and
Virtu Financial are among several institutions offloading and acquiring stakes in Albemarle Co. There is also heightened interest in
Albemarle Put Options and a simultaneous decline in
Albemarle's stock value, bucking the rise in the underlying earnings growth over the last five years. Despite bearish sentiments, leading analysts at
UBS Group cut Albemarle's price target to $124.00. Albemarle is also making notable advancements in the lithium sector with a new $1.75B Offering. While the stock has witnessed significant volatility, with a 33.4% fall in 2023 but hints of recovery in 2024, the consensus among brokerages remains a 'hold'. There are concerning sentiments regarding the company's capital allocation and recent insider additions seem to be attempting to offset a $1.6b dip in market value.
Albemarle missed Q1 estimates, despite beating revenue targets, and is speculated to have over 50% downside but also has potential for a rebound long-term.
Albemarle Stocks ALB News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Sun, 16 Jun 2024 15:49:26 GMT -
Rating -2
- Innovation 2
- Information 3
- Rumor -6
