에 대한 최신 뉴스 Albemarle (NYSE:ALB) 주식

Albemarle

Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.

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S&amp;P 500과 나스닥 100이 월요일 상승세를 이어갔다. 이로써 두 지수는 모두 8일 연속으로 상승을 기록하며 연방준비제도(연준)의 금리 인하를 앞두고 미국 경제 전망과 금융 상황이 개선됨에 따라 트레이더들이 낙관론을 유지하고 있는 것을 보여준다.

S&amp;P 500과 나스닥 100은 월가의 불안감이 사라져 8일 연속 상승: 월요일의 상승 주식

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이들 10개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 게임스탑(NYSE:GME)의 주가는 연간 주주총회 이후 지난주에 18.61% 하락했으며, CEO 라이언 코헨은 비용 절감을 통해 수익성을 향한 전략적 전환을 강조했다.

게임스탑과 자빌은 지난주 최악의 성과를 보인 10개의 대형주 중 일부 (6월 16일-6월 22일)

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기술주가 시장 상승세를 주도함에 따라 나스닥 100 지수는 목요일에 4일 연속 올랐다. 이 지수는 0.6% 오른 19,576포인트로 마감하며 사상 최고치를 경신했다.S&amp;P 500 지수도 4일 연속 올랐다. 목요일 이 지수는 0.2% 상승해 사상 최고치인 5,433포인트를 기록했다. 실망스러운 실업 수당 청구 데이터로 인한 오전 하락세에서 반등했다.

나스닥 100, S&amp;P 500은 기술주가 우위를 되찾으며 사상 최고치로 마감: 상승주와 하락주

Albemarle Corp

ALBA MINERALS RESOCES PLC by Alba Minerals Resources PLC.

Alba Mineral Resources PLC

ALIBABA HEALTH UNSP/ADR by Alibaba Health Information Technology Ltd

Alibaba Health Information Technology Ltd

Albemarle Corp PRF PERPETUAL USD 1000 - Ser A 1/20th Pref St

ALUMINIUM BAHRAIN GDR

ALIBABA HEALTH INFO TECH by Alibaba Health Information Technology Ltd

ALPHA SVCS & HLDGS S A by Alpha Services and Holdings SA

Alpha Services and Holdings SA

ALPHA SERVICES AND HOLDINGS ORD

ALPHA SVCS & HLDGS S/ADR by Alpha Services and Holdings SA

ALBERT LABS INTL CORP by ALBERT LABS INTL CORP.

Albert Labs International Corp

Avalon Globocare Corp

AllianceBlock - United States Dollar

COMMUTY CAP BNCSHS INC by Community Capital Bancshares, Inc.

Community Capital Bancshares Inc

ALBEMARLE ORD

Albemarle Corporation Depositary Shares each representing a 1/20th of 7.25% Series A Mandatory Convertible Preferred Stock

At many points in September, investors heard about the S&amp;P 500 hitting a record high. But at several points in that month, the index pulled back instead of moving higher. This is called a resistance level, a technical point where buying activity weakens, leaving room for sellers to come in.&nbsp;
You&#39;re well aware of this price movement if you&#39;re invested in an exchange-traded fund (ETF) such as the&nbsp;SPDR S&amp;P 500 ETF Trust. The SPY is up just 0.29% in the 30 days ending October 1. &nbsp;
But if you&#39;re investing in individual stocks, this choppy price action can be an opportunity to look for stocks with strong fundamentals that are being overlooked by investors. These are the stocks that have the best opportunity for strong gains. To find this group of stocks, we used the MarketBeat stock screener to find S&amp;P 500 stocks trading within 30% of their 52-week low with a forecast for at least 10% upside in earnings in the next 12 months. &nbsp;
<h2>A Breakout Stock in a Breakout Sector&nbsp;</h2>
SLB Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slb#NYSE">SLB</a>), formerly known as Schlumberger, is an oilfield services company. The company&#39;s revenue and earnings are less sensitive to the price of crude oil but&nbsp;highly sensitive to CAPEX spending. In the last year, many of the major oil companies have been making up for years of underspending as the price of oil has moved higher. &nbsp;
That&#39;s reflected in the company&#39;s last four quarters, in which they reported year-over-year double-digit revenue and earnings growth. The price of oil is likely to continue climbing in 2025 regardless of the outcome of November&#39;s election, which makes SLB stock and its 2.5% dividend yield attractive, particularly with the stock trading near two-year lows. &nbsp;
The SLB analyst forecast on MarketBeat gives the stock a consensus price target of $65.29, which gives investors the potential for 48.5% upside from the stock&#39;s closing price on October 1, 2024. &nbsp;
<h2>This Lithium Stock Is a Solid Play as China Stocks Soar&nbsp;</h2>
China stocks are making a strong recovery as the Chinese government has unleashed a wave of stimulus programs to boost the country&#39;s struggling economy. If you believe in the economy&#39;s recovery, it bodes well for electric vehicle (EV) sales. &nbsp;
However, many investors may still feel that it&#39;s too risky to buy China stocks. A company that is adjacent to China stocks is Albemarle Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alb#NYSE">ALB</a>). The lithium miner&#39;s stock is down over 34% in 2024 as the price of lithium has declined as has the company&#39;s free cash flow. &nbsp;
Albemarle&#39;s turnaround may not be immediate, which explains the consensus Hold rating on the stock. However, ALB stock looks to be forming a bottom around $72. And the Albermarle analyst forecasts on MarketBeat give the stock a $117.10 price target which is 26% higher than its price on October 2. And investors get a dividend that the company has been increasing for 30 consecutive years. &nbsp;
<h2>Despite Supply Chain Concerns, This Undervalued Medical Stock Is Worth a Look&nbsp;</h2>
McKesson Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mck#NYSE">MCK</a>) is one of the undervalued medical stocks in the S&amp;P 500. The company is a global leader in healthcare that partners with care providers, pharmacies, and manufacturers to deliver the right medicines, products and healthcare services to the right patients at the right time. &nbsp;
MCK stock is up 7.6% in 2024 but is down approximately 14.7% in the last three months. The company last reported earnings in August and missed on the top line. One issue affecting the company is delays in getting GLP-1 drugs. Demand simply outpaces supply. &nbsp;
To be fair, this issue is likely to get worse if the port strike lasts for any length of time. That could weigh on MCK stock in the short term. &nbsp;
However, analysts are still forecasting a 10% increase in the company&#39;s earnings. They also give the stock a consensus Moderate Buy rating with a price target of over $613, which is more than 24% above its current price. Investors also get a dividend that has increased at an average rate of 11% in the last three years. The company may increase the payout now that it is done buying back its shares. &nbsp;
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/has-the-s-and-p-500-hit-resistance-level-stocks-to-buy-on-a-dip/">S&amp;P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside</a>&quot; first appeared on MarketBeat.

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Shares of lithium companies are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

High-rolling investors have positioned themselves bullish on Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ALB often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Albemarle. This is not a typical pattern.
The sentiment among these major traders is split, with 62% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $27,600, and 7 calls, totaling $777,082.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $120.0 for Albemarle over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Albemarle options trades today is 136.17 with a total volume of 325.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Albemarle's big money trades within a strike price range of $50.0 to $120.0 over the last 30 days.
<h3>Albemarle Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727280036_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$46.9</td>
<td>$45.5</td>
<td>$46.89</td>
<td>$50.00</td>
<td>$351.6K</td>
<td style="text-align: right;">26</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$40.0</td>
<td>$38.8</td>
<td>$40.0</td>
<td>$50.00</td>
<td>$192.0K</td>
<td style="text-align: right;">99</td>
<td style="text-align: right;">49</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$39.0</td>
<td>$38.15</td>
<td>$39.0</td>
<td>$50.00</td>
<td>$105.3K</td>
<td style="text-align: right;">99</td>
<td style="text-align: right;">49</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$26.25</td>
<td>$26.0</td>
<td>$26.0</td>
<td>$80.00</td>
<td>$39.0K</td>
<td style="text-align: right;">359</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$7.2</td>
<td>$6.9</td>
<td>$6.95</td>
<td>$120.00</td>
<td>$34.7K</td>
<td style="text-align: right;">298</td>
<td style="text-align: right;">50</td>
</tr>
</tbody>
</table>

<h3>About Albemarle</h3>
Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.
Having examined the options trading patterns of Albemarle, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Albemarle Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 780,023, with ALB's price down by -2.28%, positioned at $88.39.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 35 days.</li>
</ul>
<h3>Professional Analyst Ratings for Albemarle</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $170.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Albemarle with a target price of $170. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Albemarle options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

A Closer Look at Albemarle's Options Market Dynamics

Shares of lithium companies are trading higher after China Central Bank announced a new stimulus package.

LITH

Shares of lithium companies are trading higher. The US Department of Energy selected Standard Lithium and Equinor for an award negotiation of up to $225 million for the South West Arkansas project.

Benzinga's options scanner just detected over 10 options trades for Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) summing a total amount of $596,305.
At the same time, our algo caught 4 for a total amount of 223,395.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $250.0 for Albemarle over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Albemarle options trades today is 2205.88 with a total volume of 2,928.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Albemarle's big money trades within a strike price range of $80.0 to $250.0 over the last 30 days.
<h3>Albemarle 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727118052_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.2</td>
<td>$14.15</td>
<td>$14.2</td>
<td>$115.00</td>
<td>$144.8K</td>
<td style="text-align: right;">118</td>
<td>702</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$15.15</td>
<td>$14.15</td>
<td>$14.2</td>
<td>$115.00</td>
<td>$142.0K</td>
<td style="text-align: right;">118</td>
<td>1.0K</td>
</tr>
<tr>
<td>ALB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.2</td>
<td>$12.75</td>
<td>$14.2</td>
<td>$115.00</td>
<td>$140.5K</td>
<td style="text-align: right;">118</td>
<td>801</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$7.4</td>
<td>$7.2</td>
<td>$7.3</td>
<td>$85.00</td>
<td>$64.3K</td>
<td style="text-align: right;">947</td>
<td>126</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$161.25</td>
<td>$160.45</td>
<td>$160.71</td>
<td>$250.00</td>
<td>$64.2K</td>
<td style="text-align: right;">8</td>
<td>4</td>
</tr>
</tbody>
</table>

<h3>About Albemarle</h3>
Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.
Following our analysis of the options activities associated with Albemarle, we pivot to a closer look at the company's own performance.
<h3>Current Position of Albemarle</h3>
<ul>
<li>Trading volume stands at 1,193,547, with ALB's price up by 3.79%, positioned at $89.29.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 37 days.</li>
</ul>
<h3>What The Experts Say On Albemarle</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $170.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Albemarle, which currently sits at a price target of $170. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Albemarle with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Check Out What Whales Are Doing With ALB

On Friday, the U.S. Department of Energy (DOE) announced over $3 billion for 25 projects in 14 states to boost domestic production of advanced batteries and materials.
Of the 25 <a target="_blank" href="https://www.energy.gov/articles/biden-harris-administration-announces-over-3-billion-support-americas-battery#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%94%20As%20part%20of,batteries%20and%20battery%20materials%20nationwide." rel="noreferrer noopener">selected</a> projects, over half have committed to or signed a Project Labor Agreement, and 10 have agreements with labor or neutrality pledges.
Union partners include NABTU, Boilermakers, SMART, Carpenters, Operating Engineers, UFCW, IBEW, and the UA. These projects, once finalized, are expected to create over 8,000 construction jobs and 4,000 operating jobs.
This initiative supports the administration's clean energy strategy alongside a $120 billion private sector investment in the EV supply chain.
These projects, which are essential for the U.S. grid and transportation electrification, are expected to improve facilities for producing battery-grade materials, components, manufacturing, and recycling.
The DOE is leveraging grants and loans to build a resilient battery manufacturing supply chain for Americans. Through MESC, the Investing in America agenda will generate $16 billion for battery manufacturing and recycling via the Battery Materials Processing and Manufacturing Program.
U.S. Secretary of Energy Jennifer M. Granholm said, "We're in the midst of a manufacturing revival in the United States as the Biden-Harris Administration's Investing in America agenda continues to breathe new life into communities and local economies across the country,"
John Podesta, Senior Advisor to President Biden for International Climate Policy, stated,&nbsp;"Today's battery manufacturing grants from DOE will boost America's manufacturing base, create good-paying union jobs all over the country, and help tackle the climate crisis."
As per Reuters report, Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) will receive $67 million for a project in North Carolina to produce commercial quantities of anode material for next-generation lithium-ion batteries.
In addition, the DOE plans to award Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) $100 million to produce battery-grade carbonate solvents for lithium-ion battery electrolytes.
Also, Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) is projected to attain $126.6 million to construct a commercial-scale facility in Louisiana for producing a key electrolyte salt essential for lithium batteries.
This month, Occidental Petroleum's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>)&nbsp;subsidiary, 1PointFive, disclosed that the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) planned to provide up to $500 million to support the development of the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40850606/occidentals-1pointfive-secures-500m-boost-to-capture-co2-details" rel="noreferrer noopener">South&nbsp;Texas Direct Air Capture (DAC) Hub</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40961594" target="_blank" rel="noreferrer noopener">Mullen Automotive Gears Up $210M EV Deal In Dubai – Delivers First Units To Volt Mobility</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by earth phakphum via Shutterstock

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US Department Of Energy To Invest $3B in Battery Production

<a href="https://www.reuters.com/business/energy/us-award-3-billion-25-projects-battery-manufacturing-sector-2024-09-20/" title="https://www.reuters.com/business/energy/us-award-3-billion-25-projects-battery-manufacturing-sector-2024-09-20/">https://www.reuters.com/business/energy/us-award-3-billion-25-projects-battery-manufacturing-sector-2024-09-20/</a>

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U.S. Energy Department To Award $3B To 25 Battery Manufacturing Sector Projects In 14 States

Shares of lithium stocks are trading higher amid a rise in the metal's price after the Fed cut rates by 50 basis points at the FOMC yesterday.

Shares of lithium companies are trading lower amid a drop in the commodity price. Lithium prices may be dropping amid an oversupply.

Albemarle's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) short percent of float has fallen 3.68% since its last report. The company recently reported that it has 11.86 million shares sold short, which is 11.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.95 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Albemarle Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726590611_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Albemarle has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Albemarle's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Albemarle's peer group average for short interest as a percentage of float is 3.04%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Albemarle's Recent Short Interest

Albemarle (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alb#NYSE">ALB</a>) closed the latest trading day at $88.50, indicating a -0.9% change from the previous session&#39;s end. This change lagged the S&amp;P 500&#39;s daily gain of 0.75%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%.
The specialty chemicals company&#39;s shares have seen an increase of 22.58% over the last month, surpassing the Basic Materials sector&#39;s gain of 0.53% and the S&amp;P 500&#39;s gain of 4.03%.
The investment community will be closely monitoring the performance of Albemarle in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.03, showcasing a 101.09% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.39 billion, down 39.92% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.70 per share and revenue of $5.61 billion, which would represent changes of -96.85% and -41.62%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Albemarle. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company&#39;s business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we&#39;ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 29.26% lower. Albemarle is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Albemarle is holding a Forward P/E ratio of 128.49. This valuation marks a premium compared to its industry&#39;s average Forward P/E of 16.26.
Meanwhile, ALB&#39;s PEG ratio is currently 8.03. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company&#39;s expected earnings growth trajectory. The Chemical - Diversified was holding an average PEG ratio of 1.12 at yesterday&#39;s closing price.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 213, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
<a href="https://www.zacks.com/stock/news/2335567/albemarle-alb-stock-drops-despite-market-gains-important-facts-to-note?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v2-2335567">To read this article on Zacks.com click here.</a>

Albemarle Stock Drops Despite Market Gains: Important Facts to Note

Investors with significant funds have taken a bullish position in Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in ALB usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 8 options transactions for Albemarle. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 37% being bullish and 37% bearish. Of all the options we discovered, 7 are puts, valued at $372,926, and there was a single call, worth $26,700.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $115.0 for Albemarle during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Albemarle's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Albemarle's substantial trades, within a strike price spectrum from $70.0 to $115.0 over the preceding 30 days.
<h3>Albemarle Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726169568_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$27.95</td>
<td>$26.7</td>
<td>$26.97</td>
<td>$115.00</td>
<td>$83.6K</td>
<td>0</td>
<td style="text-align: right;">31</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.95</td>
<td>$11.6</td>
<td>$11.6</td>
<td>$80.00</td>
<td>$80.0K</td>
<td>4.2K</td>
<td style="text-align: right;">175</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$12.05</td>
<td>$11.8</td>
<td>$11.92</td>
<td>$85.00</td>
<td>$65.7K</td>
<td>317</td>
<td style="text-align: right;">55</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$10.0</td>
<td>$9.55</td>
<td>$9.85</td>
<td>$80.00</td>
<td>$47.2K</td>
<td>1.8K</td>
<td style="text-align: right;">341</td>
</tr>
<tr>
<td>ALB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$9.9</td>
<td>$9.8</td>
<td>$9.85</td>
<td>$80.00</td>
<td>$37.4K</td>
<td>1.8K</td>
<td style="text-align: right;">293</td>
</tr>
</tbody>
</table>

<h3>About Albemarle</h3>
Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.
Having examined the options trading patterns of Albemarle, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Albemarle Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,821,937, the ALB's price is down by -1.11%, now at $88.31. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 48 days.</li>
</ul>
<h3>What Analysts Are Saying About Albemarle</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $109.33333333333333.
<ul>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Albemarle with a target price of $78. </li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Albemarle, targeting a price of $170. </li>
<li>Maintaining their stance, an analyst from Deutsche Bank continues to hold a Hold rating for Albemarle, targeting a price of $80. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Albemarle options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

This Is What Whales Are Betting On Albemarle

News of the suspension, initially circulated by UBS based on industry sources, was later confirmed by CATL itself. In a<a target="_blank" href="https://www.reuters.com/business/energy/chinas-catl-says-plans-adjust-lithium-production-jiangxi-2024-09-11/" rel="noreferrer noopener"> statement</a> to Reuters, they acknowledged that "based on recent lithium carbonate market conditions, the company plans to make adjustments on lithium carbonate production in Yichun."
Now read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40790433/anglogold-ashanti-to-acquire-centamin-for-2-5b-to-become-fourth-largest-gold-producer" rel="noreferrer noopener">AngloGold Ashanti To Acquire Centamin For $2.5B To Become Fourth Largest Gold Producer</a>
The move is expected to reduce China's monthly lithium carbonate production by about 8%, equivalent to around 5,000 to 6,000 tons.
The immediate impact was a surge in lithium prices, as lithium carbonate futures on the Guangzhou Futures Exchange jumped 5.5%, reaching 76,700 yuan per ton ($10,700), though still down 27% year-to-date.
The unexpected sentiment shift triggered a supply short squeeze as short-sellers scrambled to cover their positions. Australian lithium producer Pilbara Minerals (OTCPK: PILBF), owner of the world's largest independent hard-rock lithium operation, surged 16% while U.S.-based Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) jumped over 13.5% while remaining down 39% year-to-date.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeZkWYcbf-jEqnft8R1P4JQ1zVAQvS1GTv9dQr3cxr9RfTOAyHmSY1IX1vC_PXoh0c6XQupnauKxRwYXLNtxw4dTr3v74Ll6R_ItSSHV_DCyFkWZ4s4wce-NQYVhbg5i6sOdh5XuCKkVc9_-tpT6nskcqM?key=66UBVY4kW-EwmuDkd48Yrw" alt="" /></figure>
Albemarle's Short Interest Q4 2023 &#8211; Q3 2024, Source: <a href="https://pro.benzinga.com">Benzinga Pro</a>
"We see near-term sentiment uplift to lithium prices, helped too by the traditional September-October peak season. These should accelerate the lithium destocking process as well," noted Citi's analyst Jack Shang<a target="_blank" href="https://www.afr.com/markets/commodities/lithium-stocks-roar-back-as-short-sellers-scramble-on-mine-closure-20240911-p5k9rs" rel="noreferrer noopener"> per</a> AFR.
Tribeca's portfolio manager, Ben Cleary, shared his opinion about the nature of this rally.
"The rally we're seeing today is almost 100 percent short covering. Supply coming out of the market is exactly what the lithium market needs, so there is plenty of room for this rebound to run given how hard the stocks have been hit."
Meanwhile, CLSA's James McIntosh took a more cautious stance.
"Although we are not optimistic about a rebound in lithium prices over the next year, we might be able to believe that there won't be a significant further decline in lithium prices. We have entered the bottom range," he said, pricing the market's floor at 70,000 yuan ($9,800).
UBS projects lithium prices to increase between 11% and 23% for the remainder of the year. However, CATL might resume production if prices stabilize around $10,968 per ton, putting a ceiling on further gains.
Lithium prices have tumbled nearly 90% since its peak in 2022, owing mainly to an oversupply and a slowdown in electric vehicle adoption. As lower prices cut off supply, the market hopes for temporary relief and stabilization.
Also read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40776389/steel-stocks-rebound-jpmorgan-lifts-ratings-on-nucor-steel-dynamics-us-steel" rel="noreferrer noopener">Steel Stocks Rebound: JPMorgan Lifts Ratings On Nucor, Steel Dynamics, US Steel</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!
Photo via Shutterstock

PILBF

CATL Halts Key Lithium Mine, Supply Squeeze Drive Analysts Predictions

FEAM

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

LITM

Citi Expects Lithium To Bounce 20-25% Over The Next 2-3 Months On Supply Curtailment Led Physical Rebalancing And Short Covering

Wall Street witnessed a broad sell-off on Wednesday, except for the tech sector, as investor optimism over disinflation progress cooled following a <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40812986/inflation-slows-to-2-5-in-august-lowest-rate-since-february-2021-core-index-remai">mixed August inflation report.</a>
The Consumer Price Index (CPI) rose 2.5% year-over-year, slightly below the 2.6% estimate and down from July&#8217;s 2.9%, marking the slowest pace of inflation since February 2021. The bulk of this decline came from energy-related categories.
However, core inflation — excluding the more volatile components like food and energy — rose 0.3% month-over-month, surpassing expectations of 0.2%. The annual core CPI remained at 3.2%, reflecting persistent inflation in service-related sectors.
A key driver of inflation continues to be shelter costs, which rose 0.5% from the previous month—the sharpest increase since January — and account for nearly a third of the total CPI.
The report dashed hopes for a Federal Reserve rate cut in the upcoming meeting. Market expectations for a 50-basis-point cut plummeted to just 13%, down from 34% the day before, as per CME FedWatch. 
The inflation data gave the U.S. dollar a lift and nudged Treasury yields higher across the board. Sectors most sensitive to interest rates, such as real estate, materials and financials, led the sell-off.
In contrast, tech stocks defied the broader market slump, driven by strong gains in the semiconductor space. 
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged 4.5%, buoyed by the market's reaction to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40817347/donald-trump-lost-debate-to-kamala-harris-will-lose-ground-in-the-polls-polymarket-traders">latest U.S. presidential debate</a> between Vice President Kamala Harris and former President Donald Trump. 
The two candidates engaged in a back-and-forth about <a href="https://www.benzinga.com/general/politics/24/09/40731719/goldman-sachs-kamala-harris-victory-bodes-well-for-us-economy-trump-tariffs-will-drive-up-inflat">tariffs on goods</a>, which would impact inflation and the chipmaking industry.
Solar stocks also rallied, with the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) jumping over 4%, as the prospect of a Harris administration increased <a href="https://www.benzinga.com/markets/equities/24/09/40817317/solar-shares-climb-as-harris-gains-momentum-post-debate-against-trump-7-top-gainers-in-clean-ene">optimism for renewable energy policies.</a> First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) was the top performer within the industry, jumping over 12%. 
Elsewhere, gold remained flat, while oil prices rebounded over 2% after Tuesday&#8217;s sell-off. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped more than 2%.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,865.96</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,476.37</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,092.21</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,436.47</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091124&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.3% lower to $547.10.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.7% to $405.59.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.2% higher to $459.93.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.4% to $207.30.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 0.9%. The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) was the laggard, down 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Lithium-related stocks surged on Wednesday after reports of production disruptions in China sent the price of the commodity climbing. Albemarle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), one of the world&#8217;s largest lithium producers, rallied 9.7% on the news.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) surged 8.6% to $93.63 after Bank of America analyst Omar Dessouky reiterated a Buy rating and raised the price target from $100 to $120.</li>
<li>Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) rallied 8.1% amid bullish remarks from Bank of America analyst John Murphy, CFA who expects the Gravity SUV to get a large total addressable market.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) tanked 13.8% as revenue missed expectations last quarter. </li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) plummeted 12.8% in reaction to the presidential debate. </li>
</ul>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40816734/gamestop-analyst-says-retailer-could-close-all-stores-operate-as-bank-to-manage-los">GameStop Analyst Says Retailer Could Close All Stores, Operate As Bank To Manage Losses</a></li>
</ul>
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SPDR Dow Jones Industrial Average ETF Trust

LCID

Stocks Fall As Inflation Data Chills Rate-Cut Excitement, Chipmakers, Solar Sector Soar On Harris-Linked Boost: What's Driving Markets Wednesday?

Shares of lithium companies including, Sociedad Quimica y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>), Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) and Lithium Americas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) are trading higher Wednesday amid a rise in the price of lithium. The Chinese company Contemporary Amperex Technology reportedly stopped production at its mine<a href="https://www.benzinga.com/wiim/24/09/40815755/shares-of-lithium-companies-are-trading-higher-amid-a-rise-in-the-price-of-lithium-chinese-company-c"> in Jiangxi</a>.
What To Know: The <a href="https://www.bnnbloomberg.ca/business/international/2024/09/11/asian-lithium-shares-soar-on-speculation-catl-suspends-key-mine/">halt at this major mine </a>may alleviate oversupply concerns. UBS Analysts, led by Sky Han, explained that the stop will prompt an 8% drop in China&#8217;s lithium output, according to Bloomberg.
Lithium shares have struggled throughout the past year as lithium supply has exceeded demand. The drop in China&#8217;s lithium output could aid in rebalancing lithium supply and demand.
UBS reportedly mentioned it has a, "higher conviction this time&#8221; that the Jiangxi mining halt news is true. Past reports about halted mining operations have been shown to be false.
Related Link: <a href="https://www.benzinga.com/news/24/09/40775207/canada-nickel-receives-500m-loan-interest-from-government-agency-for-ontario-project">Canada Nickel Receives $500M Loan Interest From Government Agency For Ontario Project</a>
Price Action: At the time of writing, Sociedad Quimica y Minera stock is moving 10.4% higher at $38.53, Albemarle stock is moving 8.42% higher at $85.27 and Lithium Americas stock is trading 6.61% higher at $2.35 per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

Lithium Companies' Shares Are Moving Higher Wednesday: What's Going On?

SGML

Shares of lithium companies are trading higher amid a rise in the price of lithium. Chinese company Contemporary Amperex Technology halted production at its lepidolite mine in Yichun, Jiangxi.

General

CORRECTION: Lithium Stocks Are Higher

U.S. stocks were lower, with the Dow Jones index falling over 1% on Wednesday.
Shares of Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) rose sharply during Wednesday's session following quarterly results.
Petco reported quarterly losses of nine cents per share, which missed the analyst consensus estimate of losses of two cents per share. Quarterly sales of $1.52 billion met the analyst consensus estimate and represented a 1.99% increase over the same period last year.
Petco Health and Wellness shares surged 8.4% to $3.3299 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>PureCycle Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCT#NASDAQ">PCT</a>) shares jumped 20% to $5.63 after the company announced financing transaction and Ironton production update.</li>
<li>Sigma Lithium Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGML#NASDAQ">SGML</a>) gained 17.4% to $11.05 amid a rise in the price of lithium. Chinese company Contemporary Amperex Technology halted production at its lepidolite mine in Yichun, Jiangxi.</li>
<li>Lithium Americas (Argentina) Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAAC#NYSE">LAAC</a>) rose 15.7% to $2.49 amid a rise in the price of lithium. Chinese company Contemporary Amperex Technology halted production at its lepidolite mine in Yichun, Jiangxi.</li>
<li>Hyliion Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYLN#NYSE">HYLN</a>) gained 13.3% to $2.0046. Hyliion Holdings recently announced it has been awarded a $15 million + contract by the Office of Naval Research to develop its KARNO generator for Navy ships and stationary power applications.</li>
<li>Oscar Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) jumped 13.2% to $19.72.</li>
<li>Arcadium Lithium plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) gained 11.7% to $2.5250.</li>
<li>Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) gained 10.2% to $86.67 amid a rise in the price of lithium. Chinese company Contemporary Amperex Technology halted production at its lepidolite mine in Yichun, Jiangxi.</li>
<li>Liquidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) gained 10.1% to $9.81 after the company announced raise of $67.5 million from new common stock financings and $32.5 million advance from HealthCare Royalty under current financing agreement.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) rose 8.8% to $19.41.</li>
<li>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) gained 7.8% to $6.14.</li>
<li>Dave &amp; Buster&#8217;s Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) rose 7.5% to $32.09 after the company reported better-than-expected second-quarter EPS results.</li>
<li>Verona Pharma plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNA#NASDAQ">VRNA</a>) gained 6.6% to $29.86. HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterated Verona Pharma with a Buy and maintained a $36 price target.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) gained 6.2% to $221.14.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) gained 6.2% to $91.53. B of A Securities analyst Omar Dessouky maintained AppLovin with a Buy and raised the price target from $100 to $120.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40813472/top-2-tech-stocks-that-may-crash-this-quarter">Top 2 Tech Stocks That May Crash This Quarter</a></li>
</ul>

Intraday Update

ARRY

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