FMC Corporation (NYSE:FMC) has tumbled 2.76% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.85% in the last four weeks. The stocks have underperformed the S&P 500 by 1.59% during the past week but FMC Corporation (NYSE:FMC) it has outperformed the index in 4 weeks by 2.9%.
FMC Corporation (NYSE:FMC): The stock opened at $49.20 on Friday but the bulls could not build on the opening and the stock topped out at $49.46 for the day. The stock traded down to $48.22 during the day, due to lack of any buying support eventually closed down at $48.29 with a loss of -1.45% for the day. The stock had closed at $49.00 on the previous day. The total traded volume was 1,795,144 shares.
The company shares have dropped -12.10% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $56.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $47.50 and the 200 Day Moving Average price is recorded at $40.81.
On the companys insider trading activities, Utecht Andrea E, officer (Exec. VP, General Counsel, Sec) of Fmc Corp, unloaded 14,388 shares at an average price of $48.72 on June 13, 2016. The total amount of the transaction was worth $700,983, 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. CLSA initiates coverage on FMC Corporation (NYSE:FMC). The rating major has initiated the coverage with outperform rating on the shares. The rating by the firm was issued on April 15, 2016. Currently the company Insiders own 1% of FMC Corporation shares according to the proxy statements. Institutional Investors own 99.04% of FMC Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -14.16%.
FMC Corporation is a diversified chemical company. The Company serves agricultural, consumer and industrial markets with solutions, applications and products around the world. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Companys FMC Agricultural Solutions segment develops, markets and sells three classes of crop protection chemicals, which include insecticides, herbicides and fungicides. The FMC Health and Nutrition segment focuses on food, pharmaceutical ingredients, nutraceuticals, personal care and similar markets. The pharmaceutical additives are used for binding, encapsulation and disintegrant applications. The Companys FMC Lithium segment manufactures lithium products.