Albemarle Co. (NYSE:ALB) has seen considerable activity recently with
Janney Montgomery Scott acquiring 30,395 of its shares and
Sumitomo Mitsui Trust Holdings investing $45.92 million in the company. Albemarle's
proposed public offering of depositary shares has attracted a lot of attention. Its stock options have also seen
surging implied volatility. Additionally, its
stock has traded up by 3.2% sparking greater interest from investors. Albemarle's
focus on cost control has earned it positive reviews from analysts while its
stock has performed better than its underlying earnings growth over the past five years. The stock took a hit recently, decreasing 1.2% since the last earnings report but Wall Street analysts continue to see the company as a
buy. Suggestions that Albemarle's stock may
go up to $156 has also been floated by an analyst. However, the company stocks experienced a crash, falling 33.4% in 2023 but it's predicted to
rise in 2024. Albemarle's
strong outlook and a stable EV market backdrop have earned it the
'buy' rating.
Albemarle Stocks ALB News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Sun, 07 Jul 2024 15:26:04 GMT -
Rating 7
- Innovation 0
- Information 8
