Stock News Buzz: Albemarle Corporation (NYSE: ALB)

Albemarle Corporation (NYSE: ALB) identified change of 18.24% away from 52-week low price and recently located move of -31.39% off 52-week high price. It has market worth of $7893.66M and dividend yield of 1.97%. ALB stock has been recorded 6.79% away from 50 day moving average and -9.00% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.01% off 20-day moving average.

On July 23, 2019, Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, released that its Board of Directors has appointed Glenda Minor and Holly Van Deursen to the Board, effective July 23, 2019. Minor will serve as a member of the Board’s Audit & Finance Committee and Nominating & Governance Committee, and Van Deursen will serve as a member of the Board’s Executive Compensation Committee and Health, Safety & Environment Committee. The Board also increased its size from 11 to 13 directors in connection with their appointments.

Glenda and Holly bring wide-ranging experiences from the chemical industry, strategy, operations and finance to our Board of Directors, said Luke Kissam, Albemarle’s Chairman and CEO. We welcome their skill sets to our Board, and know their years of leadership experience will add tremendous value to Albemarle and our shareholders.

Minor is Chief Executive Officer and Principal of Silket Advisory Services,a privately owned consulting firm which advises companies on financial, strategic and operational initiatives. She was formerly Senior Vice President and Chief Financial Officer of Evraz North America Limited, a leading steel manufacturer, and has held executive finance roles at Visteon Corporation, DaimlerChrysler, General Motors Corporation and General Dynamics Corporation. Minor serves on the board of Curtiss-Wright Corporation.

Van Deursen has more than 25 years of chemicals industry experience. She is the former Group Vice President, Petrochemicals, BP, and has held senior positions across North America, Europe and Asia. She has extensive experience in the chemical industry and 13 years of board leadership experience.

The Basic Materials sector company, Albemarle Corporation noticed change of -1.22% to $74.61 along volume of 762726 shares in recent session compared to an average volume of 1459.45K. The stock observed return of 2.21% in 5 days trading activity.The stock was at 10.06% over one month performance. ALB’s shares are at -0.35% for the quarter and driving a -17.92% return over the course of the past year and is now at -3.19% since this point in 2018.

The average volatility for the week at 2.43% and for month was at 2.27%. There are 105.8M shares outstanding and 105.21M shares are floated in market.Right now the stock beta is 1.6.


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