More than 100% of Albemarle’s stock has turned over

The stock price of Bromine and Lithium company, Albemarle (ALB:US) has not been this ‘oversold’ on a ‘weekly’ basis since May 2019.

That’s 4.5 years ago.

The stock price has halved in the past 4 months.

Absent of any fundamental analysis;

over the past 3 months, 180 million of its shares have traded;

and over the past 10 weeks, 125 million of its shares have turned over.

Albemarle has 118 million shares on issue.

More than 100% of the company’s shares outstanding, have traded over those mentioned periods.

This is one possible example of where weaker hands (the un-natural owners?) have passed on their shares to ‘stronger hands’ or perhaps the ‘natural’ owners.

November 10, 2023

by Rob Zdravevski

rob@karriasset.com.au