Albemarle Corporation's (ALB) stock has been on a roller coaster with several
analysts rating the stock, some cutting the price targets while others upped their target. While the shares tumbled to its lowest since 2020, there were moments of slight rebound. The stock seemed to get slight boosts as
lithium prices plunged,
shares increasing up to 2.3%. However, the stock took a nose dive when Baird cut the price target. Despite some institutional investors selling their shares of the company the stock price has attracted investor attention leading to heavy searches for
ALB. The stock price took a hit when analysts at Citigroup and other institutions lowered their price targets and announced downgrades. It was also revealed that Albemarle intends to carry out a
public offering of depositary shares. While some consider the current stock price a good value, others anticipate a recovery with
optimistic projections by certain Wall Street analysts.
Albemarle Stocks ALB News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Sun, 14 Jul 2024 21:10:58 GMT -
Rating -5
- Innovation 5
- Information 8
- Rumor -2
