On a relative basis, the stock has outperformed the S&P 500 by 1.61% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.15% in the last 1 week, and is up 4.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Monsanto Company (NYSE:MON): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.48 and $106.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $107.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $106.93, notching a gain of 0.48% for the day. The total traded volume was 2,195,770 . The stock had closed at $106.42 on the previous day.
The stock has recorded a 20-day Moving Average of 1.77% and the 50-Day Moving Average is 1.06%. Monsanto Company is up 19.79% in the last 3-month period. Year-to-Date the stock performance stands at 10.42%.
Monsanto Company (MON) stock is expected to deviate a maximum of $14.77 from the average target price of $108.1 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $132 and the most muted being $88.
Monsanto Company (Monsanto) is a provider of agricultural products for farmers. The Companys seeds, biotechnology trait products, and herbicides provide farmers with solutions that improve productivity, reduce the costs of farming, and produce better foods for consumers and better feed for animals. It manages business in two segments: Seeds and Genomics, and Agricultural Productivity. Through its Seeds and Genomics segment, it produces seed brands, including DEKALB, Asgrow, Deltapine, Seminis and De Ruiter, and it develops biotechnology traits that assist farmers in controlling insects and weeds. Through its Agricultural Productivity segment, it manufactures Roundup brand herbicides and other herbicides and provides lawn-and-garden herbicide products for the residential market.