Shares of Archer-Daniels-Midland Company (ADM) Sees Large Outflow of Money

Archer-Daniels-Midland Company (ADM) : The total money flow in Archer-Daniels-Midland Company (ADM) was negative ($3.16 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $6.08 million. Transactions on upticks were comparatively lower at $2.93 million. The uptick to downtick ratio was 0.48. The total block trades on downticks were valued at $2.9 million. The money flow during block trades was negative ($2.9 million) when the stock traded with a gain of $3 cent. Archer-Daniels-Midland Company (ADM) was $43.51, an increase of 0.07% over the previous days close.


Also, BB&T Capital initiates coverage on Archer-Daniels-Midland Company (NYSE:ADM) . Analysts at the BB&T Capital have a current rating of Hold on the shares. The rating by the firm was issued on July 12, 2016.

Archer-Daniels-Midland Company (NYSE:ADM): The stock opened at $43.33 on Wednesday but the bulls could not build on the opening and the stock topped out at $43.57 for the day. The stock traded down to $43.00 during the day, due to lack of any buying support eventually closed down at $43.39 with a loss of -0.21% for the day. The stock had closed at $43.48 on the previous day. The total traded volume was 2,705,352 shares.

The stock has recorded a 20-day Moving Average of 2.3% and the 50-Day Moving Average is 4.18%. In a related news, The Securities and Exchange Commission has divulged that Taets Joseph D., officer (Senior Vice President) of Archer Daniels Midland Co, had unloaded 3,867 shares at an average price of $43 in a transaction dated on May 26, 2016. The total value of the transaction was worth $166,281.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.