Shares of Albemarle Corp. ALB shed 6.48% to $295.86 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.87% to 3,991.73 and the Dow Jones Industrial Average DJIA rising 0.17% to 33,592.92. This was the stock’s second consecutive day of losses. Albemarle Corp. closed $38.69 below its 52-week high ($334.55), which the company achieved on November 11th.
The stock underperformed when compared to some of its competitors Tuesday, as W.R. Grace & Co. GRA rose 0.03% to $69.99, Avient Corp. AVNT fell 0.54% to $33.41, and BASF SE ADR BASFY fell 2.25% to $12.81. Trading volume (3.2 M) eclipsed its 50-day average volume of 1.4 M.