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Albemarle Corporation (ALB) Shows Strength: Stock Up 9.8%

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Albemarle Corporation (ALB - Free Report) was a big mover last session, as the company saw its shares rise almost 10% on the day. The upside was driven by the company’s strong full-year 2016 results and record cash flow from operations. This also led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $91.19 to $94.75 in the past one-month time frame.

The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate remained unchanged over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Albemarle Corporation currently carries a Zacks Rank #2 (Buy).
 

Another favorably-ranked stock in the Chemical – Diversified industry is Univar Inc. , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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


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