Core Insights - Investors are showing a bullish sentiment towards Albemarle (NYSE:ALB), with significant options activity indicating potential upcoming movements in the stock [1][2] - The overall sentiment among large traders is 62% bullish and 23% bearish, with a notable focus on call options [2] - The price target for Albemarle is identified within a range of $60.0 to $200.0 based on recent trading volumes and open interest [3] Options Activity - In the last 30 days, 43 uncommon options trades were detected for Albemarle, with a total of $2,941,659 in call options and $396,619 in put options [1][2] - Significant options trades include bullish call options with strike prices ranging from $70.00 to $200.00, indicating strong investor interest [7] - The trading volume for Albemarle stands at 2,790,054, with the stock price currently at $150.76, reflecting a 3.17% increase [11] Company Overview - Albemarle is a leading lithium producer, primarily serving the battery market, especially for electric vehicles [8] - The company has integrated operations, including lithium refining plants in multiple countries and upstream resources in Chile and Australia [8] - Albemarle is also a global leader in bromine production, which is used in flame retardants [8] Market Ratings - Recent expert opinions on Albemarle suggest a consensus target price of $139.0, with various analysts maintaining neutral to equal-weight ratings [9][10] - Analysts from Mizuho, Wells Fargo, and Citigroup have set target prices of $132, $135, and $150 respectively, indicating a range of expectations for the stock [10]
Albemarle Unusual Options Activity For January 06 - Albemarle (NYSE:ALB)