Why Albemarle Stock Fell 33.4% in 2023 but Looks Primed to Rise in 2024
Albemarle(ALB) The Motley Fool·2024-01-15 22:54
Shares of Albemarle (ALB -2.02%) slumped more than 50% at one point in trading in 2023 before regaining some ground in the last couple of months or so. The lithium stock still ended 2023 down 33.4%, according to data provided by S&P Global Market Intelligence.For this, you can blame a meltdown in lithium prices. Albemarle, however, is still on solid footing, and its stock price could rebound this year as investors avail this golden opportunity to buy a growth stock on the cheap.Albemarle's sales continue to ...