Albemarle stock rises 3.05% but underperforms competitors
Updated
Updated · MarketWatch · Apr 30
Albemarle stock rises 3.05% but underperforms competitors
11 articles · Updated · MarketWatch · Apr 30
Shares closed at $196.70 on Thursday, marking a second straight gain as the S&P 500 rose 1.02% and the Dow added 1.62%.
Albemarle still lagged peers including Avantor, up 3.18%, Celanese, up 4.10%, and Eastman Chemical, up 3.79%, despite the broader market's positive session.
The stock finished 8.81% below its 52-week high of $215.71 reached on 16 April, while trading volume of 2.2 million topped its 50-day average of 2.1 million.
With analysts divided and its CEO selling shares, is Albemarle's stock a risky bet despite the global lithium boom?
Albemarle is idling production amid a price slump. Can it still fund the massive expansion needed for the EV revolution?