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Updated · MarketWatch · May 6Albemarle stock falls 1.13% and underperforms peers
9 articles · Updated · MarketWatch · May 6
- The shares closed at $192.61 as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
- Albemarle trailed Avantor, which rose 4.72%, while Celanese dropped 9.98% and Eastman Chemical fell 2.01% in mixed chemicals-sector trading.
- The stock finished 10.71% below its 52-week high of $215.71 reached on 16 April, while trading volume of 2.2 million topped its 50-day average.
Why did Albemarle's stock fall despite a colossal 672% surge in profits? With lithium demand soaring, why is the world's top producer shutting down a key processing plant?