Taking On Challenges And Growing? – Albemarle Corp. (ALB)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Specialty Chemicals industry segment, falling under the Basic Materials sector. The current market capitalization of Albemarle Corp. is $11.29B. A total of 2.58 million shares were traded on the day, compared to an average of 3.05M shares.

In the most recent transaction, Mummert Mark Richard sold 843 shares of ALB for 135.53 per share on May 14 ’24. After the transaction, the SVP, Capital Projects now owns 6,802 company shares. In a previous transaction on May 13 ’24, Barichivich John Clarence III sold 1,475 shares at 132.17 per share. ALB shares that VP, Controller & CAO owns now total 4,743.

Among the insiders who bought shares, Coleman Kristin M. acquired of 1,373 shares on Nov 07 ’23 at a per-share price of $121.86. This resulted in the EVP, General Counsel holding 2,746 shares of ALB after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. ALB’s most recent ex-dividend date was 9/13/2024 when it declared a $0.4050 quarterly dividend that was paid in cash on 10/1/2024. Previously, the company paid the dividend on 7/1/2024 with an ex-dividend date of 6/14/2024. The ALB stock dividend was $0.40 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ALB has a high of $177.52 and a low of $71.97.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ALB’s latest balance sheet shows that the firm has $439.27M in Cash & Short Term Investments as of fiscal 2021. There were $2.52B in debt and $1.87B in liabilities at the time. Its Book Value Per Share was $76.47, while its Total Shareholder’s Equity was $5.81B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALB is Buy with a score of 3.63.

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