Arcadium Lithium plc (NYSE:ALTM - Get Free Report) CEO Paul W. Graves sold 234,038 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $5.82, for a total transaction of $1,362,101.16. Following the completion of the transaction, the chief executive officer now directly owns 1,332,430 shares in the company, valued at $7,754,742.60. This trade represents a 14.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Arcadium Lithium Price Performance
Shares of NYSE ALTM remained flat at $5.84 during mid-day trading on Monday. The stock had a trading volume of 23,692,914 shares, compared to its average volume of 18,171,836. The stock's 50-day moving average is $5.62 and its 200-day moving average is $4.70. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 73.00 and a beta of 1.45. Arcadium Lithium plc has a fifty-two week low of $2.19 and a fifty-two week high of $5.87.
Arcadium Lithium (NYSE:ALTM - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $289.00 million for the quarter, compared to the consensus estimate of $250.96 million.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on ALTM shares. Argus downgraded Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 12th. B. Riley lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Scotiabank lowered shares of Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.00.
Check Out Our Latest Stock Analysis on ALTM
About Arcadium Lithium
(
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Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.
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