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Investment Strategies / Falling Knives
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Author: rnam   😊 😞
Number: of 670 
Subject: Albematle at 4 yr low
Date: 07/09/2024 7:51 PM
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Albemarle (NYSE:ALB) finished Tuesday's trading as the biggest loser on the S&P 500, -8.7% to its lowest since October 2020, as two Wall Street analysts cut their price targets for the stock.

Albemarle (ALB) shares are down more than 70% from their record highs in late 2022, when lithium was trading for ~$85K/metric ton, but prices today have tumbled to ~$12.5K/ton.

https://seekingalpha.com/news/4123144-albemarle-pl...

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