Potash Corporation of Saskatchewan (NYSE:POT) has tumbled 0.47% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.42% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.72% and the outperformance has advanced to 1.49% for the last 4 weeks period.
Potash Corporation of Saskatchewan (NYSE:POT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.59 and $16.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.93, notching a gain of 2.30% for the day. The total traded volume was 7,384,387 . The stock had closed at $16.55 on the previous day.
The company shares have dropped -44.13% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $32.18 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $16.69 and the 200 Day Moving Average price is recorded at $17.00.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Stifel Nicolaus downgrades its outlook on Potash Corporation of Saskatchewan (NYSE:POT). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 31, 2016. Currently the company Insiders own 3.09% of Potash Corporation of Saskatchewan shares according to the proxy statements. Institutional Investors own 57.82% of Potash Corporation of Saskatchewan shares.
Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash, nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. The Companys phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar, Louisiana facility.