Bunge Limited (BG) has risen sharply, recording gains of 7.72% in the past 4 weeks. However, the stock has corrected -0.68% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.61% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.7% and the 50-Day Moving Average is 5.46%. Bunge Limited (NYSE:BG): stock turned positive on Friday. Though the stock opened at $65.24, the bulls momentum made the stock top out at $65.82 level for the day. The stock recorded a low of $64.8 and closed the trading day at $65.76, in the green by 0.95%. The total traded volume for the day was 752,178. The stock had closed at $65.14 in the previous days trading.
The company Insiders own 1.27% of Bunge Limited shares according to the proxy statements. Institutional Investors own 78.99% of Bunge Limited shares. Also, Brokerage firm Bank of America upgrades its rating on Bunge Limited (NYSE:BG). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 2, 2016.
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. Edible oil products and milling products segments include businesses that produce and sell edible oil based products, including oils, shortenings, margarines and mayonnaise and milled grain products such as wheat flours, corn-based products and rice. The sugar and bioenergy segment produces and sells sugar and ethanol derived from sugarcane, as well as energy derived from their production process, through its operations in Brazil. The fertilizer segment is involved in producing, blending and distributing fertilizer products for the agricultural industry in South America, with assets and operations primarily in Argentina and port facilities in Brazil and Argentina.