Albemarle Corporation (ALB) Shares are Up 0.83%

Albemarle Corporation (ALB) has been under a strong bear grip, hence the stock is down -4.85% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.77% in the past 1 week. The stock has risen by 0.83% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.87% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.52% and the 50-Day Moving Average is 0.77%. Albemarle Corporation (NYSE:ALB): stock turned positive on Friday. Though the stock opened at $82.41, the bulls momentum made the stock top out at $83.73 level for the day. The stock recorded a low of $82.21 and closed the trading day at $83.01, in the green by 0.52%. The total traded volume for the day was 1,139,558. The stock had closed at $82.58 in the previous days trading.


The company Insiders own 0.71% of Albemarle Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -54.55% . Institutional Investors own 94.37% of Albemarle Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -27.99%. Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Albemarle Corporation (NYSE:ALB). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup lowers the price target from $101 per share to $95 per share. The rating by the firm was issued on August 9, 2016.

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.

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