Insider Selling: Arcadium Lithium plc (NYSE:ALTM) CEO Sells 234,038 Shares of Stock

Arcadium Lithium plc (NYSE:ALTM) CEO Paul W. Graves sold 234,038 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $5.82, for a total transaction of $1,362,101.16. Following the completion of the sale, the chief executive officer now owns 1,332,430 shares of the company’s stock, valued at $7,754,742.60. This trade represents a 14.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Arcadium Lithium Price Performance

Shares of NYSE ALTM opened at $5.84 on Friday. The company has a market cap of $6.28 billion, a PE ratio of 21.61 and a beta of 1.45. Arcadium Lithium plc has a 12 month low of $2.19 and a 12 month high of $5.87. The company has a 50-day simple moving average of $5.62 and a 200-day simple moving average of $4.67.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $289.00 million for the quarter, compared to analyst estimates of $250.96 million.

Analyst Upgrades and Downgrades

ALTM has been the subject of a number of research reports. Scotiabank cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Argus cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, B. Riley cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Company Profile

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.