Albemarle Corporation shares fall 2.23% premarket as equities end mixed and hedge funds shift away from tech.

Albemarle Corporation fell 2.23% in premarket trading. The decline in stock price may be attributed to the broader market sentiment, as equities ended mixed and stocks dipped from record highs hit after the EU trade deal. Additionally, hedge funds ditching tech and buying essentials could indicate a shift in investment strategies that may not favor Albemarle Corporation.