Shares of Bunge Limited (BG) Sees Large Outflow of Money

Bunge Limited (BG) : The total money flow in Bunge Limited (BG) was negative ($2.8 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $6.57 million. Transactions on upticks were comparatively lower at $3.77 million. The uptick to downtick ratio was 0.57. The total block trades on downticks were valued at $2.53 million. The money flow during block trades was negative ($2.53 million) when the stock traded with a gain of $2 cent. Bunge Limited (BG) was $62.82, an increase of 0.03% over the previous days close.


Also, Bank of America upgrades their rating on the shares of Bunge Limited (NYSE:BG). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 2, 2016.

Bunge Limited has lost 2.48% in the last five trading days and dropped 0.16% in the last 4 weeks. Bunge Limited has dropped 6.76% during the last 3-month period . Year-to-Date the stock performance stands at -6.51%.

Bunge Limited (NYSE:BG): The stock opened at $62.67 on Tuesday but the bulls could not build on the opening and the stock topped out at $63.27 for the day. The stock traded down to $62.33 during the day, due to lack of any buying support eventually closed down at $62.52 with a loss of -0.45% for the day. The stock had closed at $62.80 on the previous day. The total traded volume was 705,974 shares.

In a related news,The director of Bunge Ltd, Lupo L Patrick sold 11,230 shares at $61.28 on May 12, 2016. The Insider selling transaction had a total value worth of $688,174. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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