Bunge Global shares slip 1.94% and underperform rivals
Updated
Updated · MarketWatch · May 1
Bunge Global shares slip 1.94% and underperform rivals
10 articles · Updated · MarketWatch · May 1
The stock closed at $124.61 on Friday, as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
Bunge ended 5.55% below its 52-week high of $131.93, reached on 6 April. Archer Daniels Midland gained 0.54%, while Sysco and Tyson Foods both declined.
Trading volume was 1.3 million shares, about 488,847 below Bunge's 50-day average of 1.8 million, indicating lighter-than-usual investor activity during the mixed market session.
With a short-seller predicting an 80% crash, why do most analysts still rate Bunge a 'Strong Buy'?
Is Bunge's $10.6B Viterra deal a strategic masterstroke or a mask for a failing core business?