Archer Daniels Midland Co.’s recent filing unveils that its Vice Pres., Corp. Controller Strader Fruit Molly L unloaded Company’s shares for reported $0.42 million on May 22 ’24. In the deal valued at $60.73 per share,6,904 shares were sold. As a result of this transaction, Strader Fruit Molly L now holds 8,555 shares worth roughly $0.53 million.
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Then, Strader Fruit Molly L sold 1,455 shares, generating $126,294 in total proceeds. Upon selling the shares at $86.80, the Vice Pres., Corp. Controller now owns 10,809 shares.
Citigroup initiated its Archer Daniels Midland Co. [ADM] rating to a Neutral in a research note published on February 01, 2024; the price target was $57. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Hold”. Stifel also remained covering ADM and has decreased its forecast on January 22, 2024 with a “Hold” recommendation from previously “Buy” rating. ROTH MKM revised its rating on January 22, 2024. It rated ADM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ADM
On Monday, Archer Daniels Midland Co. [NYSE:ADM] saw its stock fall -0.72% to $61.99. Over the last five days, the stock has gained 2.48%. Archer Daniels Midland Co. shares have fallen nearly -14.17% since the year began. Nevertheless, the stocks have fallen -12.13% 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 $61.55, while 200 days put it at $67.08. A total of 3.68 million shares were traded, compared to the trading of 8.44 million shares in the previous session.
Levels Of Support And Resistance For ADM Stock
The 24-hour chart illustrates a support level at 61.22, which if violated will result in even more drops to 60.45. On the upside, there is a resistance level at 62.78. A further resistance level may holdings at 63.57. The Relative Strength Index (RSI) on the 14-day chart is 54.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.27%. Stochastics %K at 54.04% indicates the stock is a holding.
