Bunge Limited (BG) Shares are Up 1.74%

Bunge Limited (BG) has been under a strong bear grip, hence the stock is down -3.88% 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 1.23% in the past 1 week. The stock has risen by 1.74% in the past week indicating that the buyers are active at lower levels, but the stock is down -4% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.99% and the 50-Day Moving Average is 2.57%.The 200 Day SMA reached 5.53%. Bunge Limited has dropped 5.15% during the last 3-month period . Year-to-Date the stock performance stands at -4.96%.


Bunge Limited (NYSE:BG): After opening at $62.91, the stock dipped to an intraday low of $62.91 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $63.84 and the buying power remained strong till the end. The stock closed at $63.56 for the day, a gain of 0.95% for the day session. The total traded volume was 627,192. The stocks close on the previous trading day was $62.96.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.