Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Archer Daniels Midland Co. shares valued at $419,280 were sold by Strader Fruit Molly L on May 22 ’24. At $60.73 per share, Strader Fruit Molly L sold 6,904 shares. The insider’s holdings dropped to 8,555 shares worth approximately $0.52 million following the completion of this transaction.
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Also, Strader Fruit Molly L sold 1,455 shares, netting a total of over 126,294 in proceeds. Following the sale of shares at $86.80 each, the insider now holds 10,809 shares.
As published in their initiating research note from Citigroup on February 01, 2024, Archer Daniels Midland Co. [ADM] has been a Neutral and the price target has been revised to $57. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late January. As of January 22, 2024, Stifel has decreased its “Buy” rating to a “Hold” for ADM. Earlier on January 22, 2024, ROTH MKM downgraded its rating. Their new recommendation was “a Neutral” for ADM stock which previously was a “a Buy”.
Analyzing ADM Stock Performance
During the last five days, there has been a drop of approximately -1.41%. Over the course of the year, Archer Daniels Midland Co. shares have dropped approximately -15.92%. Shares of the company reached a 52-week high of $74.02 on 01/03/24 and a 52-week low of $50.72 on 01/25/24. A 50-day SMA is recorded $61.48, while a 200-day SMA reached $67.79. Nevertheless, trading volume fell to 3.56 million shares from 3.75 million shares the previous day.
Support And Resistance Levels for Archer Daniels Midland Co. (ADM)
According to the 24-hour chart, there is a support level at 60.07, which, if violated, would cause prices to drop to 59.41. In the upper region, resistance lies at 61.93. The next price resistance is at 63.13. RSI (Relative Strength Index) is 47.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 62.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
