AGCO Corporation (AGCO) has risen sharply, recording gains of 0.46% in the past 4 weeks. However, the stock has corrected -1.56% in the past 1 week, providing a good buying opportunity on dips. AGCO Corporation (AGCO) : During the past 4 weeks, traders have been relatively bearish on AGCO Corporation (AGCO), hence the stock is down -5.9% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.16% relative to the S&P 500.
AGCO Corporation (NYSE:AGCO): The stock opened at $48.93 on Friday but the bulls could not build on the opening and the stock topped out at $49.18 for the day. The stock traded down to $47.94 during the day, due to lack of any buying support eventually closed down at $48.55 with a loss of -1.54% for the day. The stock had closed at $49.31 on the previous day. The total traded volume was 760,393 shares.
The stock has recorded a 20-day Moving Average of 1% and the 50-Day Moving Average is 3.99%. AGCO Corporation has dropped 8.24% during the last 3-month period . Year-to-Date the stock performance stands at 7.54%.
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. Its products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. It also provides retail financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. The Companys geographical segments include North America, South America, Europe/Africa/Middle East and Asia/Pacific. The Companys AGCO Power engines division produces diesel engines, gears and generating sets. It also offers precision farming technologies, which are installed in its products and include satellite-based steering, field data collection, yield mapping and telemetry-based fleet management systems.