AGCO Corporation (AGCO) : During the past 4 weeks, traders have been relatively bearish on AGCO Corporation (AGCO), hence the stock is down -5.38% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.68% relative to the S&P 500. The 4-week change in the price of the stock is -4.4% and the stock has fallen -2.62% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.48% and the 50-Day Moving Average is 4.72%. AGCO Corporation (NYSE:AGCO): On Fridays trading session , Opening price of the stock was $48 with an intraday high of $48.24. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $47.06. However, the stock managed to close at $47.15, a loss of 1.77% for the day. On the previous day, the stock had closed at $48. The total traded volume of the day was 845,185 shares.
The company Insiders own 16% of AGCO Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.55% . Institutional Investors own 93.29% of AGCO Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -4%. Also, PiperJaffray downgrades its rating on AGCO Corporation (NYSE:AGCO). Analysts at the PiperJaffray have a current rating of Underweight on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 25, 2016.
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.