Is Albemarle Corporation (ALB) a Stock to Watch After Gaining 15.11% This Week?

Albemarle Corporation (ALB) stock has gained 15.11% over the past week and gets a Bullish rating from InvestorsObserver 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!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ALB Stock Today?

Albemarle Corporation (ALB) stock is trading at $272.16 as of 12:00 PM on Friday, May 27, an increase of $17.11, or 6.71% from the previous closing price of $255.05. The stock has traded between $257.57 and $273.68 so far today. Volume today is light. So far 847,676 shares have traded compared to average volume of 1,356,590 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.