Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Archer Daniels Midland Co shares valued at $10,298,813 were sold by LUCIANO JUAN R on Sep 03 ’24. At $60.51 per share, LUCIANO JUAN R sold 170,194 shares. The insider’s holdings dropped to 265,210 shares worth approximately $13.7 million following the completion of this transaction.
Also, LUCIANO JUAN R sold 45,471 shares, netting a total of over 2,773,917 in proceeds. Following the sale of shares at $61.00 each, the insider now holds 265,210 shares.
Before that, LUCIANO JUAN R had added 170,194 shares to its account. In a trade valued at $10,298,829, the Officer bought Archer Daniels Midland Co shares for $60.51 each.
As published in a research note from BofA Securities on January 14, 2025, Archer Daniels Midland Co [ADM] has been rated down from a Neutral to an Underperform and the price target has been revised to $54 from $63. As of February 01, 2024, Citigroup has initiated its “Neutral” rating for ADM. Earlier on January 23, 2024, Argus downgraded its rating. Their new recommendation was “a Hold” for ADM stock which previously was a “a Buy”.
Analyzing ADM Stock Performance
During the last five days, there has been a surge of approximately 2.26%. Over the course of the year, Archer Daniels Midland Co shares have jumped approximately 2.26%. Shares of the company reached a 52-week high of $52.54 on 01/13/25 and a 52-week low of $48.40 on 01/08/25. A 50-day SMA is recorded $51.65, while a 200-day SMA reached $57.86. Nevertheless, trading volume fell to 3.28 million shares from 2.45 million shares the previous day.
Support And Resistance Levels for Archer Daniels Midland Co (ADM)
According to the 24-hour chart, there is a support level at 50.69, which, if violated, would cause prices to drop to 49.71. In the upper region, resistance lies at 52.37. The next price resistance is at 53.08. RSI (Relative Strength Index) is 53.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 21.26%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
