DJ Archer Daniels Midland Co. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of Archer Daniels Midland Co. $(ADM)$ inched 0.66% higher to $62.44 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.51% to 5,214.08 and the Dow Jones Industrial Average rising 0.85% to 39,387.76.
This was the stock's fourth consecutive day of gains.
Archer Daniels Midland Co. closed $24.86 below its 52-week high ($87.30), which the company achieved on July 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Tyson Foods Inc. Cl A $(TSN.AU)$ rose 0.88% to $59.65, Conagra Brands Inc. $(CAG)$ fell 0.16% to $30.78, and Bunge Global S.A. $(BG)$ rose 0.03% to $105.39.
Trading volume (4.2 M) remained 822,129 below its 50-day average volume of 5.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2024.
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(END) Dow Jones Newswires
May 09, 2024 17:03 ET (21:03 GMT)
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