Arcadium Lithium plc (NYSE:ALTM – Get Free Report) CEO Paul W. Graves sold 234,038 shares of the company’s stock in a transaction 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 owns 1,332,430 shares of the company’s stock, valued at $7,754,742.60. This trade represents a 14.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Arcadium Lithium Trading Up 0.1 %
Shares of NYSE:ALTM traded up $0.01 during trading on Thursday, reaching $5.84. 3,007,693 shares of the company traded hands, compared to its average volume of 17,863,629. Arcadium Lithium plc has a 52-week low of $2.19 and a 52-week high of $5.84. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 21.61 and a beta of 1.45. The business’s fifty day moving average is $5.58 and its 200-day moving average is $4.64.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on ALTM shares. B. Riley cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Argus lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.00.
About Arcadium Lithium
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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