Albemarle Corp (ALB): Donald J. Jr. Labauve , VP, Corporate Controller & CAO of Albemarle Corp sold 3,564 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $75.35 per share for a total value of $268,513.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, Karen G Narwold (Sr VP, GC, Corp & Gov Aff) sold 405 shares at $60.38 per share price.On Mar 8, 2016, Scott Tozier (Sr VP & CFO) sold 556 shares at $58.89 per share price.Also, On Mar 1, 2016, Luther C Iv Kissam (President & CEO) sold 1,048 shares at $57.98 per share price.On Feb 12, 2015, James J /ky Obrien (director) purchased 1,000 shares at $52.66 per share price.
Albemarle Corporation: On Tuesday, May 10, 2016 heightened volatility was witnessed in Albemarle Corporation which led to swings in the share price. The shares opened for trading at $67.38 and hit $68.41 on the upside , eventually ending the session at $67.86, with a gain of 0.86% or 0.58 points. The heightened volatility saw the trading volume jump to 15,16,058 shares. The 52-week high of the share price is $70.22 and the company has a market cap of $7,617 M . The 52-week low of the share price is at $41.37.
Company has been under the radar of several Street Analysts.Albemarle Corporation is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 84 from a previous price target of $72 .The Rating was issued on May 12, 2016.Albemarle Corporation is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $62 .The Rating was issued on Apr 1, 2016.Albemarle Corporation is Downgraded by Seaport Global Securities to Neutral and the brokerage firm has set the Price Target at $59. Earlier the firm had a rating of Accumulate on the company shares. The Rating was issued on Mar 10, 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.