Albemarle Corporation (ALB) has risen sharply, recording gains of 3.5% in the past 4 weeks. However, the stock has corrected -0.99% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 3.57%. Albemarle Corporation is up 27.71% in the last 3-month period. Year-to-Date the stock performance stands at 51.61%.
Albemarle Corporation (NYSE:ALB): On Fridays trading session , Opening price of the stock was $84.79 with an intraday high of $84.8. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $83.31. However, the stock managed to close at $84.17, a loss of 1.10% for the day. On the previous day, the stock had closed at $85.11. The total traded volume of the day was 1,702,227 shares.
Albemarle Corporation (Albemarle) is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food-safety and custom chemistry services markets. The Company operates through two segments: Performance Chemicals and Catalyst Solutions. As of December 31, 2014, the Performance Chemicals segment includes the Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services product categories. As of December 31, 2014, the Catalyst Solutions segment includes the Refinery Catalyst Solutions and Performance Catalyst Solutions product categories.