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Albemarle Corporation (ALB) Stock: What Does the Chart Say Friday?

Friday, September 29, 2023 03:16 PM | InvestorsObserver Analysts

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Albemarle Corporation (ALB) Stock: What Does the Chart Say Friday?

The market has been high on Albemarle Corporation (ALB) stock recently. ALB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Albemarle Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ALB!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ALB Stock Today?

Albemarle Corporation (ALB) stock is trading at $170.42 as of 3:08 PM on Friday, Sep 29, a loss of -$1.98, or -1.15% from the previous closing price of $172.40. The stock has traded between $170.02 and $176.83 so far today. Volume today is light. So far 1,236,020 shares have traded compared to average volume of 1,687,192 shares. To screen for more stocks like Albemarle Corporation click here.

More About Albemarle Corporation

Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts. Click Here to get the full Stock Report for Albemarle Corporation stock.

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