Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AGCO Corp shares valued at $124,916 were purchased by De Lange Bob on Aug 08 ’24. At $88.28 per share, De Lange Bob acquired 1,415 shares. The insider’s holdings grew to 8,422 shares worth approximately $0.84 million following the completion of this transaction.
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Also, arnold michael c purchased 1,800 shares, netting a total of over 157,842 in proceeds. Following the buying of shares at $87.69 each, the insider now holds 20,465 shares.
Before that, De Lange Bob had added 1,420 shares to its account. In a trade valued at $124,832, the Director bought AGCO Corp shares for $87.91 each. Upon closing the transaction, the insider’s holdings increased to 1,420 shares, worth approximately $0.7 million.
As published in their initiating research note from BMO Capital Markets on August 09, 2024, AGCO Corp [AGCO] has been a Market perform and the price target has been revised to $96. Analysts at Raymond James started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late June. As of June 26, 2024, Citigroup has initiated its “Neutral” rating for AGCO. Earlier on March 14, 2024, Truist initiated its rating. Their recommendation was “a Buy” for AGCO stock.
Analyzing AGCO Stock Performance
During the last five days, there has been a drop of approximately -0.23%. Over the course of the year, AGCO Corp shares have dropped approximately -15.89%. Shares of the company reached a 52-week high of $130.26 on 02/06/24 and a 52-week low of $84.35 on 08/05/24. A 50-day SMA is recorded $95.15, while a 200-day SMA reached $105.23. Nevertheless, trading volume fell to 0.6 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for AGCO Corp (AGCO)
According to the 24-hour chart, there is a support level at 98.92, which, if violated, would cause prices to drop to 98.01. In the upper region, resistance lies at 100.89. The next price resistance is at 101.94. RSI (Relative Strength Index) is 55.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 52.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
