DJ Archer Daniels Midland Co. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Archer Daniels Midland Co. $(ADM)$ inched 0.25% higher to $60.42 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.58% to 5,022.21 and Dow Jones Industrial Average falling 0.12% to 37,753.31.
The stock's rise snapped a five-day losing streak.
Archer Daniels Midland Co. closed $26.88 below its 52-week high ($87.30), which the company reached on July 26th.
The stock underperformed when compared to some of its competitors Wednesday, as Tyson Foods Inc. Cl A $(TSN.AU)$ rose 0.74% to $58.58, Conagra Brands Inc. $(CAG)$ rose 0.77% to $30.24, and Bunge Global S.A. $(BG)$ rose 1.41% to $105.42.
Trading volume (2.4 M) remained 2.8 million below its 50-day average volume of 5.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 17, 2024.
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(END) Dow Jones Newswires
April 17, 2024 17:02 ET (21:02 GMT)
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