Paul W. Graves Sells 234,038 Shares of Arcadium Lithium plc (NYSE:ALTM) Stock

Arcadium Lithium plc (NYSE:ALTM) CEO Paul W. Graves sold 234,038 shares of Arcadium Lithium stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,332,430 shares in the company, valued at approximately $7,754,742.60. This represents a 14.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Arcadium Lithium Price Performance

NYSE:ALTM traded up $0.01 during trading hours on Thursday, hitting $5.84. The stock had a trading volume of 3,007,693 shares, compared to its average volume of 17,863,629. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 21.61 and a beta of 1.45. Arcadium Lithium plc has a one year low of $2.19 and a one year high of $5.84. The company has a 50 day simple moving average of $5.58 and a two-hundred day simple moving average of $4.64.

Analyst Ratings Changes

A number of brokerages recently commented on ALTM. Argus lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. B. Riley downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Scotiabank lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Ten analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently 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.