Monsanto Company (MON) : Traders are bullish on Monsanto Company (MON) as it has outperformed the S&P 500 by a wide margin of 1.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.03% in the last 1 week, and is up 5.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.87% and the 50-Day Moving Average is 1.24%. Monsanto Company is up 14.59% in the last 3-month period. Year-to-Date the stock performance stands at 10.26%.
Monsanto Company (NYSE:MON): stock turned positive on Friday. Though the stock opened at $106.09, the bulls momentum made the stock top out at $107.07 level for the day. The stock recorded a low of $105.611 and closed the trading day at $106.77, in the green by 0.61%. The total traded volume for the day was 1,961,914. The stock had closed at $106.12 in the previous days trading.
Also, In a research note released to the investors, Citigroup maintains its rating on Monsanto Company (NYSE:MON).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $94 per share to $112 per share. The rating by the firm was issued on July 1, 2016.
Monsanto Company (Monsanto) is a provider of agricultural products for farmers. The Companys seeds, biotechnology trait products, and herbicides provide farmers with solutions that improve productivity, reduce the costs of farming, and produce better foods for consumers and better feed for animals. It manages business in two segments: Seeds and Genomics, and Agricultural Productivity. Through its Seeds and Genomics segment, it produces seed brands, including DEKALB, Asgrow, Deltapine, Seminis and De Ruiter, and it develops biotechnology traits that assist farmers in controlling insects and weeds. Through its Agricultural Productivity segment, it manufactures Roundup brand herbicides and other herbicides and provides lawn-and-garden herbicide products for the residential market.