Albemarle Corporation (NYSE:ALB) : Traders are bullish on Albemarle Corporation (NYSE:ALB) as it has outperformed the S&P 500 by a wide margin of 3.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.48%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.78% in the last 1 week, and is up 4.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 50.92% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $84.99 and the one year low was seen on Sep 14, 2015. The 50-Day Moving Average price is $80.00 and the 200 Day Moving Average price is recorded at $64.57.
The stock has recorded a 20-day Moving Average of 4% and the 50-Day Moving Average is 9.03%.
Albemarle Corporation (NYSE:ALB): stock turned positive on Friday. Though the stock opened at $82.2, the bulls momentum made the stock top out at $83.99 level for the day. The stock recorded a low of $81.99 and closed the trading day at $83.58, in the green by 2.78%. The total traded volume for the day was 1,268,457. The stock had closed at $81.32 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Juneau Matthew, officer (Sr VP, Corp Strategy & IR) of Albemarle Corp, had unloaded 13,174 shares at an average price of $75.34 in a transaction dated on May 12, 2016. The total value of the transaction was worth $992,529.
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.