On 9/11/24, Albemarle Corp (NYSE: ALB) stock enjoyed a major increase of 13.6%, closing at $89.30. Moreover, this advance was accompanied by exceptionally high trading volume at 208% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 6.2% during the last week.
Current PriceTarget Research Rating
ALB is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Albemarle has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Albemarle has a good Appreciation Score of 74 but a very low Power Rating of 3, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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