Archer Daniels Midland Co. [ADM] Stock sold by Insider Strader Fruit Molly L for $0.13 million

Archer Daniels Midland Co.’s recent filing unveils that its Vice Pres., Corp. Controller Strader Fruit Molly L unloaded Company’s shares for reported $0.13 million on Jul 26. In the deal valued at $86.80 per share,1,455 shares were sold. As a result of this transaction, Strader Fruit Molly L now holds 10,809 shares worth roughly $0.61 million.

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Argus downgraded its Archer Daniels Midland Co. [ADM] rating to a Hold from a a Buy in a research note published recently.

Price Performance Review of ADM

On Tuesday, Archer Daniels Midland Co. [NYSE:ADM] saw its stock jump 1.93% to $56.00. Over the last five days, the stock has gained 7.05%. Archer Daniels Midland Co. shares have fallen nearly -22.46% since the year began. Nevertheless, the stocks have fallen -33.04% over the past one year. While a 52-week high of $87.30 was reached on 01/03/24, a 52-week low of $50.72 was recorded on 01/25/24. SMA at 50 days reached $69.85, while 200 days put it at $75.26. A total of 7.15 million shares were traded, compared to the trading of 11.74 million shares in the previous session.

Levels Of Support And Resistance For ADM Stock

The 24-hour chart illustrates a support level at 55.10, which if violated will result in even more drops to 54.19. On the upside, there is a resistance level at 56.53. A further resistance level may holdings at 57.05. The Relative Strength Index (RSI) on the 14-day chart is 30.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.82%. Stochastics %K at 17.84% indicates the stock is a buying.

How much short interest is there in Archer Daniels Midland Co.?

A steep rise in short interest was recorded in Archer Daniels Midland Co. stocks on Jan 11, 2024, dropping by -1.63 million shares to a total of 6.45 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 8.08 million shares. There was a decline of -25.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.38% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.74.

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