Albemarle Corp (NYSE:ALB) shares, rose in value on Wednesday, May 07, with the stock price down by -2.49% to the previous day’s close as strong demand from buyers drove the stock to $56.06.
Actively observing the price movement in the last trading, the stock closed the session at $57.49. Referring to stock’s 52-week performance, its high was $137.50, and the low was $49.43. On the whole, ALB has fluctuated by -3.51% over the past month.
With the market capitalization of Albemarle Corp currently standing at about $6.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.61, with its dividend yield at 2.88%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALB’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ALB currently trading nearly -1.28% and -15.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.02, while the 7-day volatility ratio is showing 5.31% which for the 30-day chart, stands at 7.03%. Furthermore, Albemarle Corp (ALB)’s beta value is 1.67, and its average true range (ATR) is 3.57.
A comparison of Albemarle Corp (ALB) with its peers suggests the former has fared considerably weaker in the market. ALB showed an intraday change of -2.49% in last session, and over the past year, it shrunk by -56.24%%.
Data on historical trading for Albemarle Corp (NYSE:ALB) indicates that the trading volumes over the past 3 months, they’ve averaged 3.29 million. According to company’s latest data on outstanding shares, there are 117.65 million shares outstanding.
Nearly 0.56% of Albemarle Corp’s shares belong to company insiders and institutional investors own 96.08% of the company’s shares. The stock has fallen by -34.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALB stock heading into the next quarter.
