Potash Corporation of Saskatchewan (POT) has been under a strong bear grip, hence the stock is down -1.07% 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 2.19% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.63% in the last 1 week, and is up 1.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Potash Corporation of Saskatchewan (NYSE:POT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.51 and $15.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.01, notching a gain of 2.83% for the day. The total traded volume was 8,038,514 . The stock had closed at $15.57 on the previous day.
The stock has recorded a 20-day Moving Average of 3.12% and the 50-Day Moving Average is 2.91%. Potash Corporation of Saskatchewan Inc. is up 2.35% in the last 3-month period. Year-to-Date the stock performance stands at -1.06%.
Potash Corporation of Saskatchewan (POT) : The most positive equity analysts on Potash Corporation of Saskatchewan (POT) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $11 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $16.2 with an expected fluctuation of $3.55 from the mean.
Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash, nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia, Louisiana, Ohio and Trinidad. The Companys phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers, phosphate feed and industrial acid, which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar, Louisiana facility.