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Understanding the Risks of Investing in AGCO Corp (AGCO)

AGCO Corp’s recent filing unveils that its Director De Lange Bob acquired Company’s shares for reported $0.25 million on Nov 14 ’24. In the deal valued at $91.80 per share,2,740 shares were bought. As a result of this transaction, De Lange Bob now holds 11,176 shares worth roughly $1.05 million.

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Then, De Lange Bob bought 1,415 shares, generating $124,916 in total proceeds. Upon buying the shares at $88.28, the Director now owns 8,422 shares.

Before that, arnold michael c bought 1,800 shares. AGCO Corp shares valued at $157,842 were divested by the Director at a price of $87.69 per share. As a result of the transaction, arnold michael c now holds 20,465 shares, worth roughly $1.92 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 Friday, AGCO Corp [NYSE:AGCO] saw its stock jump 1.49% to $93.70. Over the last five days, the stock has gained 2.00%. AGCO Corp shares have fallen nearly -21.06% since the year began. Nevertheless, the stocks have fallen -19.21% 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 $95.93, while 200 days put it at $103.69.

Levels Of Support And Resistance For AGCO Stock

The 24-hour chart illustrates a support level at 92.49, which if violated will result in even more drops to 91.27. On the upside, there is a resistance level at 94.91. A further resistance level may holdings at 96.11. The Relative Strength Index (RSI) on the 14-day chart is 46.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.12%. Stochastics %K at 28.92% indicates the stock is a holding.

How much short interest is there in AGCO Corp?

A steep rise in short interest was recorded in AGCO Corp stocks on 2024-10-31, dropping by -0.16 million shares to a total of 3.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.54 million shares. There was a decline of -4.68%, which implies that there is a negative sentiment for the stock.

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