Bunge Limited (BG) : Traders are bullish on Bunge Limited (BG) as it has outperformed the S&P 500 by a wide margin of 8.78% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.85% in the last 1 week, and is up 12.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.86% and the 50-Day Moving Average is 5.8%. Bunge Limited is up 6.01% in the last 3-month period. Year-to-Date the stock performance stands at -2.19%.
Bunge Limited (NYSE:BG): stock turned positive on Friday. Though the stock opened at $65.2, the bulls momentum made the stock top out at $65.94 level for the day. The stock recorded a low of $65.035 and closed the trading day at $65.84, in the green by 0.75%. The total traded volume for the day was 1,043,866. The stock had closed at $65.35 in the previous days trading.
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. Edible oil products and milling products segments include businesses that produce and sell edible oil based products, including oils, shortenings, margarines and mayonnaise and milled grain products such as wheat flours, corn-based products and rice. The sugar and bioenergy segment produces and sells sugar and ethanol derived from sugarcane, as well as energy derived from their production process, through its operations in Brazil. The fertilizer segment is involved in producing, blending and distributing fertilizer products for the agricultural industry in South America, with assets and operations primarily in Argentina and port facilities in Brazil and Argentina.