Overall market sentiment has been high on Albemarle Corporation (ALB) stock lately. ALB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Albemarle Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ALB!
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With ALB Stock Today?
Albemarle Corporation (ALB) stock is trading at $236.64 as of 2:26 PM on Wednesday, May 18, a drop of -$2.50, or -1.05% from the previous closing price of $239.14. The stock has traded between $235.62 and $244.90 so far today. Volume today is below average. So far 692,021 shares have traded compared to average volume of 1,226,017 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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