Deere & Company (DE) has been under a strong bear grip, hence the stock is down -7.07% 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 1.5% in the past 1 week. The stock has risen by 3.01% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.01% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 1.71% and the 50-Day Moving Average is 1.37%.
Deere & Company (NYSE:DE): The stock opened at $83.96 on Friday but the bulls could not build on the opening and the stock topped out at $83.96 for the day. The stock traded down to $82.88 during the day, due to lack of any buying support eventually closed down at $83.41 with a loss of -0.27% for the day. The stock had closed at $83.64 on the previous day. The total traded volume was 2,774,593 shares.
The company Insiders own 0.75% of Deere & Company shares according to the proxy statements. Institutional Investors own 73.19% of Deere & Company shares. In a related news,The officer (Senior Vice President & CFO) of Deere & Co, Kalathur Rajesh sold 4,366 shares at $79.52 on December 2, 2015. The Insider selling transaction had a total value worth of $347,184. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.