Archer-Daniels-Midland Company (NYSE:ADM) has tumbled 1.67% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.23% in the last four weeks. The stocks have underperformed the S&P 500 by 0.49% during the past week but Archer-Daniels-Midland Company (NYSE:ADM) it has outperformed the index in 4 weeks by 5.26%.
Archer-Daniels-Midland Company (NYSE:ADM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.87 and $41.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.31, notching a gain of 0.62% for the day. The total traded volume was 4,035,611 . The stock had closed at $42.05 on the previous day.
The company shares have dropped -17.84% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $52.42 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $40.77 and the 200 Day Moving Average price is recorded at $36.86.
On the companys insider trading activities, Taets Joseph D., officer (Senior Vice President) of Archer Daniels Midland Co, unloaded 3,867 shares at an average price of $43 on May 26, 2016. The total amount of the transaction was worth $166,281, according to the disclosed information 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 Brokerage firm Citigroup upgrades its rating on Archer-Daniels-Midland Company (NYSE:ADM). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Citigroup raises the price target from $42 per share to $50 per share. The rating by the firm was issued on May 26, 2016. Currently the company Insiders own 3.15% of Archer-Daniels-Midland Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.04% . Institutional Investors own 74.3% of Archer-Daniels-Midland Company shares. During last six month period, the net percent change held by insiders has seen a change of -0.64%.
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Companys segments include Oilseeds Processing, Corn Processing, Agricultural Services and Wild Flavors and Specialty Ingredients. The Corn Processing segment is engaged in corn wet milling and dry milling activities. The Agricultural Services segment utilizes its United States grain elevator , global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry. Wild Flavors products include flavors, colors, sweeteners and health ingredients, as well as ready-to-market concepts and complete solutions.