Why Albemarle Stock Fell 10% in March [The Motley Fool]
Albemarle Corporation (ALB)
Last albemarle corporation earnings: 2/19 04:15 pm
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Source: The Motley Fool
Why Albemarle Stock Fell 10% in March The specialty chemicals company has been touting its expanding lithium business, but a couple of factors held that segment back last month. Shares of Albemarle ( NYSE:ALB ) fell 10% in March, according to data provided by S&P Global Market Intelligence . That cut the company's first-quarter stock price rise to just 6% or so, after it hit a year-to-date gain of around 20% in late February. The story here is all about lithium. Lithium prices peaked in February, but ended March well off their recent highs. Albemarle's stock price generally tracks the ups and downs of the lithium market, since producing the metal is a key business for the company. Thus, it shouldn't come as much of a surprise that the company's shares fell. However, late in the month Albemarle also reported that supply disruptions at one of its facilities would push production expected to occur in the first quarter into later quarters. The impact could lower first quarter revenue by
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News
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- Albemarle (ALB) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
ALB
Earnings
- 2/14/24 - Beat
ALB
Sec Filings
- 3/28/24 - Form 10-K/A
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- ALB's page on the SEC website