Albemarle Corp (NYSE: ALB) stock closed at $109.40 on 3/5/24 after a major decline of -17.9%. Moreover, exceptionally high trading volume at 590% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -10.0% during the last week.
Current PriceTarget Research Rating
ALB is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Albemarle has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Albemarle has a good Appreciation Score of 81 but a very low Power Rating of 1, with the Negative Value Trend Rating the result.
Rating Review
In light of this highly negative 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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