Earnings were out today. according to Yahoo earnings report: ALTM results were better than expected:
Symbol / Company Earnings Date PS Estimate eported EPS Surprise(%)
ALTM
Arcadium Lithium plc Feb 22, 2024, 4 PMEST 0.14 0.34 146.38
Stock closed higher on fairly high volume. Looks like there has been quiet a bit of accumulation over the
past month according to the 13 D filings as of 2/15/2024, from Whalewisdom: see below added shares:
Column1 Column2 Column3
ALLIANCEBERNSTEIN L.P. 2/14/2024 191,108
AMERIPRISE FINANCIAL INC 2/14/2024 2,950,696
AMUNDI 2/14/2024 336,938
Bank of America 2/15/2024 3,129,658
BARCLAYS PLC 2/15/2024 3,778,659
Blackrock 2/15/2024 64,640,747
BNP Paris Bas 2/14/2024 246,109
JANE STREET GROUP, LLC 2/14/2024 6,439,185
LAZARD ASSET MANAGEMENT LLC 2/14/2024 793,542
LEGAL & GENERAL GROUP PLC 2/15/2024 608,804
Millenium LLC 2/14/2024 19,960,392
SHAPIRO CAPITAL MANAGEMENT LLC 2/14/2024 1,212,424
STATE STREET CORP 2/14/2024 303,273
WALLEYE TRADING LLC 2/14/2024 468,804
CREDIT SUISSE AG/ 2/08/2024 781,692
JANUS Hendserson Group 2/14/2024 305,222
BRAGG FINANCIAL ADVISORS, INC 2/14/2024 254,097
MAN GROUP PLC 2/14/2024 502,897
SCHONFELD STRATEGIC ADVISORS LLC 2/14/2024 531,131
TWO SIGMA SECURITIES, LLC 2/14/2024 157,215
BREVAN HOWARD CAPITAL MANAGEMENT LP 2/14/2024 387,962
NORTHERN TRUST CORP 2/13/2024 561,141
TOTAL SHARES additions 108,541,696
Could we see the share price going back to the $6.00-$7.00 level soon. IMO
we shall see upon the reporting of the 1st QTR 2024 or perhaps even before
if the market price for Lithium goes back to the $20 level. this should happen when
exisitng inventories of lithium batteries among various companies like Tesla, Ford ,
etc..becomes extinguished.
