Deere & Company (NYSE:DE) has climbed 0.39% in the past week and advanced 10.63% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.59% and the outperformance has advanced to 9.62% for the last 4 weeks period.
Deere & Company (NYSE:DE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $85.64 and $85.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $86.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $86.00, notching a gain of 1.03% for the day. The total traded volume was 3,526,149 . The stock had closed at $85.12 on the previous day.
The company shares have dropped -7.09% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $98.23 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $83.32 and the 200 Day Moving Average price is recorded at $79.68.
On the companys insider trading activities,The officer (Senior Vice President & CFO) of Deere & Co, Kalathur Rajesh sold 4,366 shares at $79.52 on December 2, 2015. The Insider selling transaction had a total value worth of $347,184. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Goldman Sachs upgrades the rating on Deere & Company (NYSE:DE). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency raises the price target from $87 per share to $105 per share. The rating by the firm was issued on June 3, 2016. Currently the company Insiders own 0.75% of Deere & Company shares according to the proxy statements. Institutional Investors own 73.26% of Deere & Company shares.
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.