Bunge Global stock slips 1.82% in second straight daily loss
Updated
Updated · MarketWatch · May 7
Bunge Global stock slips 1.82% in second straight daily loss
8 articles · Updated · MarketWatch · May 7
Shares closed at $123.75 on Thursday, lagging a weaker US market as the S&P 500 fell 0.38% and the Dow dropped 0.63%.
Bunge also underperformed peers including Sysco, Archer Daniels Midland and Tyson Foods, which posted smaller declines during the session.
The stock finished 7.60% below its 52-week high of $133.93 reached on May 5, while trading volume of 1.8 million was slightly below its 50-day average.
Is Bunge's massive Viterra deal a strategic masterstroke or a debt-fueled disaster in disguise?
Can record biofuel demand save Bunge from the growing threat of weight-loss drugs and short sellers?