Albemarle Corporation (ALB) has risen sharply, recording gains of 7.63% in the past 4 weeks. However, the stock has corrected -1.55% 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 0.82% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Albemarle Corporation (NYSE:ALB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $84.63 and $84.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $85.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $85.01, notching a gain of 0.88% for the day. The total traded volume was 875,043 . The stock had closed at $84.27 on the previous day.
The stock has recorded a 20-day Moving Average of 2.9% and the 50-Day Moving Average is 5.84%. Albemarle Corporation is up 28.83% in the last 3-month period. Year-to-Date the stock performance stands at 53.12%.
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.