AGCO Corporation (AGCO) Shares are Up 3.14%

AGCO Corporation (AGCO) : Traders are bullish on AGCO Corporation (AGCO) as it has outperformed the S&P 500 by a wide margin of 4.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.97%, 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 3.14% in the last 1 week, and is up 3.64% 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 4.01% and the 50-Day Moving Average is 2.95%.The 200 Day SMA reached 1.16%


AGCO Corporation (NYSE:AGCO): After opening at $48.17, the stock dipped to an intraday low of $48.11 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $49.42 and the buying power remained strong till the end. The stock closed at $49.32 for the day, a gain of 3.12% for the day session. The total traded volume was 981,794. The stocks close on the previous trading day was $49.32.

AGCO Corporation (AGCO) : The most positive equity analysts on AGCO Corporation (AGCO) expects the shares to touch $61, whereas, the least positive believes that the stock will trade at $37 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $47.9 with an expected fluctuation of $7.72 from the mean.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. Its products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. It also provides retail financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. The Companys geographical segments include North America, South America, Europe/Africa/Middle East and Asia/Pacific. The Companys AGCO Power engines division produces diesel engines, gears and generating sets. It also offers precision farming technologies, which are installed in its products and include satellite-based steering, field data collection, yield mapping and telemetry-based fleet management systems.

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