FMC Corporation (FMC) has been under a strong bear grip, hence the stock is down -1.04% 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 0.37% in the past 1 week. The stock has risen by 0.34% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.66% in the past 4 weeks.
FMC Corp. is up 3.22% in the last 3-month period. Year-to-Date the stock performance stands at 23.16%. The stock has recorded a 20-day Moving Average of 0.2% and the 50-Day Moving Average is 0.6%.
FMC Corporation (NYSE:FMC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.25 and $47.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.81, notching a gain of 0.55% for the day. The total traded volume was 767,277 . The stock had closed at $47.55 on the previous day.
Also, Brokerage firm Citigroup maintains its rating on FMC Corporation (NYSE:FMC). As per the latest information, the brokerage house raises the price target to $51 per share from a prior target of $48. The shares have been rated Neutral. The rating by the firm was issued on July 15, 2016.
FMC Corporation is a diversified chemical company. The Company serves agricultural, consumer and industrial markets with solutions, applications and products around the world. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Companys FMC Agricultural Solutions segment develops, markets and sells three classes of crop protection chemicals, which include insecticides, herbicides and fungicides. The FMC Health and Nutrition segment focuses on food, pharmaceutical ingredients, nutraceuticals, personal care and similar markets. The pharmaceutical additives are used for binding, encapsulation and disintegrant applications. The Companys FMC Lithium segment manufactures lithium products.