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Would love to hear opinions on $ALB Albermarle

V
May 19, 2025 · 17:25

I bought this stock off a recommendation from someone I highly respect back in late 2023 for about $180 per share. At that time, it was down about 40% from its ATH, which is a scenario I usually like. Did some research and figured I would buy it. They are a sp500 company. $7 billion market cap.

I didn't want a ton of money in them but when they fell to $120 I felt I had to buy more and when they hit $90, I also picked up more. We had a nice little run in late 2024 but since then, it has FELL. I bought again at $48 and want to call it a day. I invested too much in them due to DCA'ing. I usually can ride anything out but almost all my other stocks are doing great and I'm starting to think taking a loss and using the money to go into my top performers might be better.

Would like to hear if anyone has been holding them? They peaked at $326 late 2022. There has to be people out there with a cost-basis around $250? My basis is down to $140. TIA