The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Archer-Daniels-Midland Company shares valued at $8,814 were sold by Sanchez Francisco J on Sep 13. At $88.14 per share, Sanchez Francisco J sold 100 shares. The insider’s holdings dropped to 4,270 shares worth approximately $0.37 million following the completion of this transaction.
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Also, LUCIANO JUAN R sold 284,531 shares, netting a total of over 25,948,970 in proceeds. Following the sale of shares at $91.20 each, the insider now holds 412,842 shares.
Before that, Morris Gregory A had sold 117,839 shares from its account. In a trade valued at $9,835,758, the Senior Vice President traded Archer-Daniels-Midland Company shares for $83.47 each. Upon closing the transaction, the insider’s holdings decreased to 117,839 shares, worth approximately $19.92 million.
As published in their initiating research note from Wolfe Research on August 12, 2022, Archer-Daniels-Midland Company [ADM] has been an Outperform and the price target has been revised to $117. This represents a 26.44% premium over Thursday’s closing price. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of April 18, 2022, Monness Crespi & Hardt has decreased its “Buy” rating to a “Neutral” for ADM.
Analyzing ADM’s Price Performance
On Thursday, Archer-Daniels-Midland Company [NYSE: ADM] rose 0.08% to $86.07. The stock’s lowest price that day was $85.57, but it reached a high of $87.01 in the same session. During the last five days, there has been a surge of approximately 0.95%. Over the course of the year, Archer-Daniels-Midland Company shares have jumped approximately 27.34%. Shares of the company reached a 52-week high of $98.88 on 04/21/22 and a 52-week low of $65.64 on 01/25/22. A 50-day SMA is recorded $83.88, while a 200-day SMA reached $81.02. Nevertheless, trading volume fell to 2.39 million shares from 2.09 million shares the previous day.
Support And Resistance Levels for Archer-Daniels-Midland Company (ADM)
According to the 24-hour chart, there is a support level at 85.42, which, if violated, would cause prices to drop to 84.78. In the upper region, resistance lies at 86.86. The next price resistance is at 87.66. RSI (Relative Strength Index) is 49.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 72.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Archer-Daniels-Midland Company subject to short interest?
Stocks of Archer-Daniels-Midland Company saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.6 million shares to 6.69 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.29 million shares. A decline of -8.97% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.74 of the overall float, the days-to-cover ratio (short ratio) decline to 1.74.
Which companies own the most shares of Archer-Daniels-Midland Company (ADM)?
According to The Vanguard Group, Inc. filings, the company currently owns 60,168,724 shares, which is about 10.73% of the total ADM shares outstanding. The investor’s shares have appreciated by 1,198,582 from its previous 13-F filing of 58970142.0 shares. Capital Research & Management Co reduced a -3.33% interest valued at $3.69 billion while SSgA Funds Management, Inc. purchased a 797,915 stake. A total of -576,144 shares of Archer-Daniels-Midland Company were bought by BlackRock Fund Advisors during the quarter, and 73,156 were bought by Northern Trust Investments, Inc.. In its current portfolio, Capital Research & Management Co holds 13,067,061 shares valued at $1.15 billion.
In terms of Archer-Daniels-Midland Company share price expectations, FactSet research, analysts set an average price target of $98.50 in the next 12 months, up nearly 13.95% from the previous closing price of $86.00. Analysts anticipate Archer-Daniels-Midland Company stock to reach $117.00 by 2022, with the lowest price target being $80.00. In spite of this, 16 analysts ranked Archer-Daniels-Midland Company stock as an Overweight at the end of 2022. On October 12, 2021, Stephens assigned a price target of “an Equal-weight” to the stock and downgraded coverage with a $67.