Why Albemarle Stock Fell This Week -- and Why It's an Opportunity
In a week when the S 500 gained 6% through 12:30 p.m. ET Friday, Albemarle (NYSE: ALB) stock was down about 4.3% as of this writing despite gaining some ground Friday, according to data provided by S&P Global Market Intelligence.
With low lithium prices hurting the company, as evidenced by its latest numbers and outlook, more analysts are turning cautious about the lithium stock.
Albemarle reported its third-quarter earnings on the first day of November. Here are some numbers you'd want to know (all changes year over year):
Source Fool.com
Albemarle Corp Stock
€120.48
1.230%
The stock is one of the favorites of our community with 25 Buy predictions and 3 Sell predictions.
As a result the target price of 178 € shows a positive potential of 47.74% compared to the current price of 120.48 € for Albemarle Corp.
