This Is What Whales Are Betting On Albemarle
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Albemarle (NYSE:ALB), with 61% of recent trades being bearish. The targeted price range for Albemarle over the last 3 months is $170.0 to $250.0. The current price of ALB is up 4.39% at $197.97. Deutsche Bank, Wells Fargo, and RBC Capital maintain positive ratings on Albemarle, while B of A Securities is neutral and Credit Suisse is underperforming.
August 29, 2023 | 8:01 pm
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A significant investor has taken a bearish stance on Albemarle. The targeted price range for Albemarle over the last 3 months is $170.0 to $250.0. The current price of ALB is up 4.39% at $197.97. Mixed ratings from major banks.
The bearish stance taken by a significant investor, along with the mixed ratings from major banks, could potentially lead to a decrease in Albemarle's stock price in the short term. However, the current upward trend in the stock's price and the targeted price range indicate potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100