Arcadium Lithium plc (NYSE:ALTM) CEO Sells $1,362,101.16 in Stock

Arcadium Lithium plc (NYSE:ALTM) CEO Paul W. Graves sold 234,038 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $5.82, for a total value of $1,362,101.16. Following the completion of the transaction, the chief executive officer now directly owns 1,332,430 shares of the company’s stock, valued at approximately $7,754,742.60. The trade was a 14.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Arcadium Lithium Price Performance

Shares of NYSE ALTM traded up $0.01 during mid-day trading on Thursday, hitting $5.84. The company had a trading volume of 3,179,994 shares, compared to its average volume of 17,868,008. The company has a market capitalization of $6.28 billion, a PE ratio of 21.61 and a beta of 1.45. The business’s 50-day simple moving average is $5.58 and its 200 day simple moving average is $4.64. Arcadium Lithium plc has a 1-year low of $2.19 and a 1-year high of $5.84.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Argus lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Scotiabank downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, B. Riley lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Company Profile

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.