Albemarle Corporation's stock has been the subject of various recent trading activity. Notably, Vanguard Group Inc., MONECO Advisors LLC, Alaska Permanent Fund Corp and Cibc World Markets Corp increased their holdings in Albemarle, while Optimum Investment Advisors and American International Group Inc trimmed their positions. The New York-based corporation offers a variety of specialized chemical solutions and is a leading provider of lithium for electric vehicle batteries. Recent market trends have seen the stock hit a new 1-year low at $95.95 as well as receiving a price-target hike. However, a $1.6 billion dip in market value following insider investments of $1.66 million has notably affected the trading landscape. Lithium prices play a significant role in stock behavior, with Albemarle's stock suffering from current lithium oversupply. On a positive note, the company has been praised for its strong financials and cost control focus.
Albemarle Stocks ALB News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Sun, 23 Jun 2024 17:48:27 GMT -
Rating 0
- Innovation 2
- Rumor -5
