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The Potential Rise in the Price of AGCO Corp. (AGCO) following insiders activity

AGCO Corp.’s recent filing unveils that its Director De Lange Bob acquired Company’s shares for reported $0.12 million on Aug 08 ’24. In the deal valued at $88.28 per share,1,415 shares were bought. As a result of this transaction, De Lange Bob now holds 8,422 shares worth roughly $-0.84 million.

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Then, arnold michael c bought 1,800 shares, generating $157,842 in total proceeds. Upon buying the shares at $87.69, the Director now owns 20,465 shares.

Before that, De Lange Bob bought 1,420 shares. AGCO Corp. shares valued at $124,832 were divested by the Director at a price of $87.91 per share. As a result of the transaction, De Lange Bob now holds 7,007 shares, worth roughly $0.7 million.

BMO Capital Markets initiated its AGCO Corp. [AGCO] rating to a Market perform in a research note published on August 09, 2024; the price target was $96. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late June with a ‘”a Mkt perform”‘ rating. Citigroup began covering AGCO with “Neutral” recommendation on June 26, 2024. Truist started covering the stock on March 14, 2024. It rated AGCO as “a Buy”.

Price Performance Review of AGCO

On Monday, AGCO Corp. [NYSE:AGCO] saw its stock fall -0.28% to $99.28. Over the last five days, the stock has gained 2.52%. AGCO Corp. shares have fallen nearly -16.36% since the year began. Nevertheless, the stocks have fallen -15.95% over the past one year. While a 52-week high of $127.35 was reached on 02/06/24, a 52-week low of $84.35 was recorded on 08/05/24. SMA at 50 days reached $91.92, while 200 days put it at $106.53.

Levels Of Support And Resistance For AGCO Stock

The 24-hour chart illustrates a support level at 98.02, which if violated will result in even more drops to 96.77. On the upside, there is a resistance level at 99.93. A further resistance level may holdings at 100.59. The Relative Strength Index (RSI) on the 14-day chart is 62.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.15%. Stochastics %K at 85.18% indicates the stock is a selling.

How much short interest is there in AGCO Corp.?

A steep rise in short interest was recorded in AGCO Corp. stocks on 2024-09-30, growing by 0.45 million shares to a total of 3.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.09 million shares. There was a rise of 12.79%, which implies that there is a positive sentiment for the stock.

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