Streetbeat News

LTHM

Livent Corp

https://livent.com/

CEO

Paul Graves

Employees

915

Industry

All Other Miscellaneous Chemical Product and Preparation Manufacturing

livent is the global lithium technology company that powers the things that power people’s lives. from the revolution in electric vehicle batteries, to the handheld devices that connect us, to the strong, lightweight alloys and advanced polymers used in aircraft, athletic footwear and other applications, we move the world forward.

Open

17.49

Mkt cap

3B

Volume

52M

High

17.51

P/E Ratio

9.17

52-wk high

17.51

Low

15.68

Div yield

N/A

52-wk low

5.20

Allkem shareholders have voted in favor of a merger with Livent Corporation. The proposed scheme of arrangement will see Arcadium Lithium acquire all shares in Allkem. The merger aims to create a vertically integrated business model to enhance operational flexibility and value capture across the lithium value chain. Livent stockholders will vote on the Transaction Agreement on December 19, 2023. If approved, Allkem will seek court approval on December 20, 2023, and if successful, the Scheme will become effective on December 21, 2023, leading to a suspension of Allkem shares from trading.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 2:30 pm

Livent Corp (NYSE:LTHM) has acquired a minority stake in the parent company of ILiAD Technologies, a subsidiary of EnergySource Minerals. ILiAD Technologies specializes in direct lithium extraction technology. Livent will have rights to license ILiAD's technology for use in Argentina, with commercial utilization expected by 2025. Livent's stock (LTHM) is up 1.74% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 15, 2023 | 11:18 am

Livent Corporation has taken a minority stake in ILiAD Technologies to enhance its position in direct lithium extraction processes. This strategic investment aims to strengthen Livent's leadership in the lithium industry.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 6:46 am

THOR Industries reported better-than-expected quarterly earnings of 99 cents per share against estimates of 98 cents, with sales of $2.50 billion versus $2.498 billion expected, sending its shares up 6.5%. Other stocks also moved higher, with significant gains following positive earnings, clinical study results, strategic moves, and financial updates.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 3:48 pm

Piper Sandler analyst Charles Neivert downgraded Livent (NYSE:LTHM) from Neutral to Underweight and reduced the price target from $18 to $15, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 12:52 pm

Analysts have recently updated their ratings for Livent (NYSE:LTHM), with 1 bullish, 3 somewhat bullish, and 3 indifferent ratings in the last quarter. The 12-month average price target for Livent is now $24.14, a decrease of 20.67% from the previous target of $30.43. The highest price target given is $33.00 and the lowest is $15.00. Analyst ratings are important as they provide guidance to traders, but they are also subjective and should be considered as part of a broader investment strategy.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 2:00 pm

JP Morgan analyst Eric Joseph has maintained a Neutral rating on Livent (NYSE:LTHM) and reduced the price target from $25 to $15.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:07 pm

Pagaya Technologies Ltd. (NASDAQ:PGY) shares dropped 5.8% in pre-market trading following the announcement of CFO Michael Kurlander's resignation to pursue an outside opportunity, with Evangelos Perros named as Interim CFO. Other stocks experiencing pre-market losses include TeraWulf Inc. (NASDAQ:WULF), Applied Optoelectronics, Inc. (NASDAQ:AAOI), Marathon Digital Holdings, Inc. (NASDAQ:MARA), Livent Corporation (NYSE:LTHM), and Foot Locker, Inc. (NYSE:FL).

Portfolio Pulse from Lisa Levin

November 27, 2023 | 11:00 am

Allkem and Livent have received all necessary regulatory approvals globally, including antitrust clearances and investment screenings, to proceed with their merger of equals. The final steps for the merger's completion are approvals from both companies' shareholders and the Australian Court. The targeted closing date for the transaction is January 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:26 pm

Shares of lithium producers Livent Corp (LTHM) and Albemarle Corp (ALB) are trading lower due to Exxon Mobil Corp's (XOM) announcement of entering the lithium production market. Exxon Mobil plans to start lithium production in Arkansas by 2027 and aims to supply enough lithium for over 1 million EVs per year by 2030. The news has positively impacted Exxon Mobil's shares, while Livent and Albemarle are experiencing selling pressure.

Portfolio Pulse from Adam Eckert

November 13, 2023 | 6:17 pm

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