Archer Daniels Midland Co’s recently made public 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 $12.75 million.
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.
BofA Securities upgraded its Archer Daniels Midland Co [ADM] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid January from “a Neutral” to “an Underperform”. Citigroup started covering the stock on February 01, 2024. It rated ADM as “a Neutral”.
Price Performance Review of ADM
On Monday, Archer Daniels Midland Co [NYSE:ADM] saw its stock jump 0.56% to $48.09. Over the last five days, the stock has gained 4.91%. Archer Daniels Midland Co shares have fallen nearly -4.81% since the year began. Nevertheless, the stocks have fallen -20.41% over the past one year. While a 52-week high of $66.08 was reached on 01/13/25, a 52-week low of $40.98 was recorded on 04/09/25. SMA at 50 days reached $46.72, while 200 days put it at $53.92.
Levels Of Support And Resistance For ADM Stock
The 24-hour chart illustrates a support level at 47.49, which if violated will result in even more drops to 46.90. On the upside, there is a resistance level at 48.40. A further resistance level may holdings at 48.72. The Relative Strength Index (RSI) on the 14-day chart is 57.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.72%. Stochastics %K at 92.41% indicates the stock is a selling.
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 2025-03-31, growing by 1.92 million shares to a total of 13.56 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 11.64 million shares. There was a rise of 14.17%, which implies that there is a positive sentiment for the stock.
