Why Albemarle Stock Rocketed 45% in November

Why Albemarle Stock Rocketed 45% in November

The only problem is that Albemarle's adjusted earnings came in nearly 30% lower year over year in the third quarter. The huge gain in November has priced in a lot of good news at Albemarle that just doesn't look like it's in the cards over the next few months or quarters. Using the top end of management's 2020 guidance range, Albemarle's P/E ratio is currently 32.