Albemarle Corporation (NYSE:ALB) has climbed 3.72% in the past week and advanced 8.43% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.96% and the outperformance has advanced to 7.44% for the last 4 weeks period.
Albemarle Corporation (NYSE:ALB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.19 and $82.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $84.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.80, notching a gain of 3.51% for the day. The total traded volume was 3,531,123 . The stock had closed at $79.99 on the previous day.
The company shares have rallied 40.32% 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 $75.98 and the 200 Day Moving Average price is recorded at $61.42.
On the companys insider trading activities, Juneau Matthew, officer (Sr VP, Corp Strategy & IR) of Albemarle Corp, unloaded 13,174 shares at an average price of $75.34 on May 12, 2016. The total amount of the transaction was worth $992,529, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Albemarle Corporation (NYSE:ALB). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $89 per share from a prior target of $76. The rating by the firm was issued on May 12, 2016. Currently 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 -89.46% . Institutional Investors own 94.24% of Albemarle Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -23.77%.
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.