Arcadium Lithium PLC (ALTM) Volatility Spurs A Quest For Clarity

Carne Global Fund Managers recently announced the acquisition of new stake in Arcadium Lithium PLC (NYSE:ALTM). This fresh investment now brings its stake to 0.00% valued currently at $0.0. In addition, State Street Global Advisors Trus raised its holdings by 1.2 million to 1.2 million shares.

With over 13.8 million Arcadium Lithium PLC (ALTM) shares trading Friday and a closing price of $5.82 on the day, the dollar volume was approximately $80.29 million.

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The top 3 mutual fund holders in Arcadium Lithium PLC are Nationwide Small Cap Index Fund, Nationwide Mid Cap Market Index F, and iShares Core S&P Mid Cap ETF. Nationwide Small Cap Index Fund owns 92984.0 shares of the company’s stock, all valued at over $0.0. iShares Core S&P Mid Cap ETF bought 13.14 million shares to bring its total holdings to over 13.14 million shares at a value of $100.48 million. iShares Core S&P Mid Cap ETF now owns shares totaling to 0.00% of the shares outstanding.

It has a 12-month low price of $5.78 and touched a high of $7.27 over the same period. ALTM has an average intraday trading volume of 45.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.33%, -11.33%, and -11.33% respectively.

Mutual fund holders own 0.00%, while other institutional holders and individual stakeholders account for 0.00% and — respectively.

Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.67% over the week.

Analysts forecast that Arcadium Lithium PLC (ALTM) will achieve an EPS of $Arcadium Lithium plc for the current quarter, $5.82 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Allegro MicroSystems, Inc. while analysts give the company a high EPS estimate of $Alto Ingredients, Inc.. Comparatively, EPS for the current quarter was $Altair Engineering Inc. a year ago.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Arcadium Lithium PLC (ALTM) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 3 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”

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