Albemarle stock rises 2.61% and outperforms competitors
Updated
Updated · MarketWatch · May 7
Albemarle stock rises 2.61% and outperforms competitors
15 articles · Updated · MarketWatch · May 7
The shares closed at $203.52 on Friday, extending gains to a second day as the S&P 500 rose 0.84% and the Dow added 0.02%.
Trading volume reached 3.1 million shares, above the 50-day average of 2.1 million, while Avantor was flat, Celanese fell 2.11% and Eastman Chemical slipped 0.05%.
Albemarle finished 7.91% below its new 52-week high of $221 set on May 7, after rising 2.98% the previous day in a weaker broader market.
As Albemarle's stock soars on strong earnings, why did its CEO sell over $2 million in shares just two months ago?
With oil fears sinking the market, can Albemarle's lithium-fueled rally continue to defy the broader economic downturn?