Updated
Updated · MarketWatch · May 6
Mosaic Co stock rises for second straight day
Updated
Updated · MarketWatch · May 6

Mosaic Co stock rises for second straight day

10 articles · Updated · MarketWatch · May 6
  • Shares gained 1.29% to $23.56 on Wednesday as the S&P 500 rose 1.46% and the Dow added 1.24%.
  • Despite the advance, Mosaic still lagged the broader market and closed 38.37% below its 52-week high of $38.23 reached on 8 July.
  • Trading volume was 7.9 million shares, about 2.4 million below its 50-day average, while peers were mixed as Elanco jumped and CF Industries fell.
Why does Goldman Sachs see a 26% upside for Mosaic despite missed earnings and a massive $250 million operational headwind?
As Mideast conflict threatens fertilizer supplies, can Mosaic's cost-cutting strategy truly offset a projected $250 million blow to earnings?