Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Strength Seen in Albemarle Corp (ALB): Stock Soars 10%

Albemarle Corporation ALB was a big mover last session, as the company saw its shares rise 10% on the day. The upside was driven the company’s announcement of robust first-quarter 2016 results. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $65.00–$68.63 in the past one-month time frame.

In the last 30 days, the company has seen one downward estimate revision but the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.      

Albemarle Corp. currently carries a Zacks Rank #3 (Hold).

A better-ranked Chemical-Diversified stock is Akzo Nobel N.V. AKZOY, which sports a Zacks Rank #1 (Strong Buy).

Is ALB going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ALBEMARLE CORP (ALB): Free Stock Analysis Report
 
AKZO NOBEL NV (AKZOY): Free Stock Analysis Report
 
To read this article on Zacks.com click here.