Agrium (AGU) has been under a strong bear grip, hence the stock is down -6.36% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.7% in the past 1 week. The stock has risen by 0.76% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.39% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.72% and the 50-Day Moving Average is 1.44%. Agrium (NYSE:AGU): On Fridays trading session , Opening price of the stock was $92.04 with an intraday high of $92.99. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $90.35. However, the stock managed to close at $90.59, a loss of 2.04% for the day. On the previous day, the stock had closed at $92.48. The total traded volume of the day was 662,857 shares.
Institutional Investors own 69.56% of Agrium shares. Also, Major Brokerage house, Citigroup maintains its ratings on Agrium (NYSE:AGU). In the latest research report, Citigroup raises the target price from $91 per share to $93 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 8, 2016.
Agrium Inc. (Agrium) is a Canada-based producer and marketer of nutrients for agricultural and industrial markets. Agrium is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company operates through its two business units: Retail and Wholesale. Agrium Wholesale owns 16 production facilities in North and South America across the nitrogen, potash and phosphate spectrum; two mines; and a distribution and storage network throughout North America and internationally through Agrium Europe. Agrium Retail operates approximately 1,375 retail locations, 57 terminals, 8 plants and 18 distribution centers in North and South America, as well as Australia.