Archer-Daniels-Midland Company (ADM) has risen sharply, recording gains of 7.95% in the past 4 weeks. However, the stock has corrected -0.52% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Archer-Daniels-Midland Company (NYSE:ADM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.40 and $43.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.72, notching a gain of 0.76% for the day. The total traded volume was 1,899,995 . The stock had closed at $43.39 on the previous day.
The stock has recorded a 20-day Moving Average of 2.73% and the 50-Day Moving Average is 4.41%. Archer-Daniels-Midland Company is up 11.24% in the last 3-month period. Year-to-Date the stock performance stands at 21.25%.
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Companys segments include Oilseeds Processing, Corn Processing, Agricultural Services and Wild Flavors and Specialty Ingredients. The Corn Processing segment is engaged in corn wet milling and dry milling activities. The Agricultural Services segment utilizes its United States grain elevator , global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry. Wild Flavors products include flavors, colors, sweeteners and health ingredients, as well as ready-to-market concepts and complete solutions.