Stock News Update: Albemarle Corporation (NYSE:ALB)

Albemarle Corporation (NYSE:ALB) stock observed trading -5.76% off 52-week high price. On the other end, the stock has been noted 94.68% away from low price over the last 52-weeks. The stock disclosed a move of 2.23% away from 50 day moving average and 19.78% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.76% off 20-day moving average. It has market cap of $9.96B and dividend yield of 1.62%.

On Oct. 27, 2020, The Board of Directors of Albemarle Corporation (NYSE:ALB) revealed that it has declared a quarterly dividend of $0.385 per share. The dividend, which has an annualized rate of $1.54, is payable Jan. 4, 2021, to shareholders of record at the close of business as of Dec. 11, 2020.

About Albemarle Corporation

Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C., is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world’s largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

The USA based company Albemarle Corporation moved with change of 0.74% to $95.18 with the total traded volume of 986897 shares in recent session versus to an average volume of 1.14M. The stock was observed in the 5 days activity at 1.73%. The one month performance of stock was 12.19%. ALB’s shares are at 13.54% for the quarter and driving a 49.33% return over the course of the past year and is now at 30.31% since this point in 2018. Right now the stock beta is 1.34. The average volatility for the week and month was at 2.38% and 3.22% respectively. There are 106.33M shares outstanding and 105.86M shares are floated in market.

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Shawn Harris

Shawn Harris is a Master’s in Business Administration by education. After completing his post-graduation, Shawn jumped the journalism bandwagon as a freelance journalist. Soon after that he landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Shawn is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing.

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