Albemarle (ALB) closed the most recent trading day at $112.29, moving +0.12% from the previous trading session. This move lagged the S&P 500's daily gain of 0.87%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq gained 1.11%.Shares of the specialty chemicals company witnessed a loss of 7.21% over the previous month, trailing the performance of the Basic Materials sector with its loss of 0.08% and the S&P 500's loss of 3.97%.Analysts and investors alike will be keeping a close eye on the per ...

Key PointsPiedmont Lithium received regulatory approval for its Carolina Lithium Project after nearly 3 years.Piedmont expects to be the first vertically integrated operation to extract and process spodumene concentrate to manufacture up to 30,000 tons of lithium hydroxide annually.Lithium Americas is almost fully funded for its Thacker Pass project in Nevada, known as the largest discovered lithium source in the United States, capable of up to 40,000 tons of lithium production in phase 1.5 stocks we like b ...

There's a lot of positive momentum for this commodity producer -- but also major risks.We are in the midst of a major energy upheaval. After a century-plus of fossil-fuel domination, the world is moving more and more toward solar power, wind generation, and battery storage.For transportation, there's a major transition to battery electric vehicles (EVs) over internal combustion engine (ICE) vehicles. The demand for EVs is soaring, with analysts projecting they'll be the majority of vehicle sales by 2030. Bu ...

OlemediaThe past several months have not been exactly pleasant for shareholders of lithium giant Albemarle Corporation (NYSE:ALB). The specialty chemicals producer has seen its shares consistently underperform the market. As an example, we need only look at how the stock has fared since I last wrote a bullish article about it in January of this year. Even after the stock had fallen previously leading up to that point, shares have only achieved upside of 0.4% at a time when the S&P 500 has jumped by 8.8% ...

Donation to support training and apprenticeship programs for growing regional industries CHARLOTTE, N.C., April 17, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced a $1 million donation to Cleveland Community College (CCC) for the purchase of equipment, supplies and facility improvements to benefit workforce training programs. The Shelby, NC-based college's programs are designed to strengthen th ...

Albemarle (ALB) ended the recent trading session at $120.50, demonstrating a -1.7% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.2%. At the same time, the Dow lost 0.65%, and the tech-heavy Nasdaq lost 1.79%.Coming into today, shares of the specialty chemicals company had gained 0.36% in the past month. In that same time, the Basic Materials sector gained 1.63%, while the S&P 500 lost 0.85%.The investment community will be paying close attention ...

Crisis will lead to opportunity for lithium stocks.For one, the blood is flowing in the streets with many of the top lithium names. Two, some analysts now believe lithium prices may have bottomed out. As noted by Bank of America analyst Steve Byrne, “2023 marked a huge drop in lithium prices, as the market flipped from the 2022 deficit into surplus. Inventory levels in China for lithium carbonate were elevated in February but started to trend down in March [and pricing] started to show some strength. While ...

Albemarle (ALB) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this specialty chemicals company have returned +1.5%, compared to the Zacks S&P 500 composite's +0.8% change. During this period, the Zacks Chemical - Diversified industry, which Albemarle falls in, has gained 3.1%. The key question now is: What could be the stock's futur ...

Dividend Aristocrats are stocks that are members of the S&P 500 index and have raised their dividend payouts yearly for 25 years or more. It’s an exclusive list of companies. Of the thousands of stocks on the market, only 68 were cut. That shows just how difficult it is. Yet, becoming a Dividend Aristocrat doesn’t mean a stock will always be one. Earlier this year, Walgreens Boots Alliance (NASDAQ:WBA) was forced to cut its dividend to conserve cash. Before that, VF Corp (NYSE:VFC) slashed its payout by 70% ...

The security has yet to overcome several levels of resistanceAlbemarle Corporation (NYSE:ALB) stock was last seen up 0.6% to trade at $129.90, after the chemicals manufacturing company nabbed a price-target hike from Citigroup to $135 from $125.The brokerage bunch is divided on ALB, with 12 calling it a tepid "hold" or worse, while 11 say "buy" or better. Meanwhile, short sellers are piling on. Short interest rose 16.3% in the last two reporting periods, and the 14.31 million shares sold short now make up 1 ...