Archer Daniels Midland Co.’s recent filing unveils that its President & CEO LUCIANO JUAN R unloaded Company’s shares for reported $10.3 million on Sep 03 ’24. In the deal valued at $60.51 per share,170,194 shares were sold. As a result of this transaction, LUCIANO JUAN R now holds 265,210 shares worth roughly $15.66 million.
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Then, LUCIANO JUAN R sold 45,471 shares, generating $2,773,917 in total proceeds. Upon selling the shares at $61.00, the President & CEO now owns 265,210 shares.
Before that, LUCIANO JUAN R bought 170,194 shares. Archer Daniels Midland Co. shares valued at $10,298,829 were divested by the Officer at a price of $60.51 per share.
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 Tuesday, Archer Daniels Midland Co. [NYSE:ADM] saw its stock fall -0.76% to $59.05. Over the last five days, the stock has lost -2.59%. Archer Daniels Midland Co. shares have fallen nearly -18.24% since the year began. Nevertheless, the stocks have fallen -25.07% over the past one year. While a 52-week high of $80.96 was reached on 01/03/24, a 52-week low of $50.72 was recorded on 01/25/24. SMA at 50 days reached $61.16, while 200 days put it at $62.07.
Levels Of Support And Resistance For ADM Stock
The 24-hour chart illustrates a support level at 58.32, which if violated will result in even more drops to 57.60. On the upside, there is a resistance level at 59.69. A further resistance level may holdings at 60.34. The Relative Strength Index (RSI) on the 14-day chart is 41.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.74%. Stochastics %K at 23.90% indicates the stock is a holding.
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 2024-08-15, dropping by -2.47 million shares to a total of 7.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 10.14 million shares. There was a decline of -32.2%, which implies that there is a negative sentiment for the stock.
