Bunge Limited (NYSE:BG) has been under a strong bear grip, hence the stock is down -9.71% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.16% in the past 1 week. The stock has risen by 2.46% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.26% in the past 4 weeks.
The company shares have dropped -30.56% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $88.48 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $62.69 and the 200 Day Moving Average price is recorded at $59.60.
The stock has recorded a 20-day Moving Average of 1.01% and the 50-Day Moving Average is 3.47%.
Bunge Limited (NYSE:BG): stock turned positive on Friday. Though the stock opened at $58.49, the bulls momentum made the stock top out at $60.15 level for the day. The stock recorded a low of $58.3 and closed the trading day at $60, in the green by 3.52%. The total traded volume for the day was 1,440,340. The stock had closed at $57.96 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Lupo L Patrick, director of Bunge Ltd, had unloaded 11,230 shares at an average price of $61.28 in a transaction dated on May 12, 2016. The total value of the transaction was worth $688,174.
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. Edible oil products and milling products segments include businesses that produce and sell edible oil based products, including oils, shortenings, margarines and mayonnaise and milled grain products such as wheat flours, corn-based products and rice. The sugar and bioenergy segment produces and sells sugar and ethanol derived from sugarcane, as well as energy derived from their production process, through its operations in Brazil. The fertilizer segment is involved in producing, blending and distributing fertilizer products for the agricultural industry in South America, with assets and operations primarily in Argentina and port facilities in Brazil and Argentina.