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Archer Daniels Midland Company ADM - News Analyzed: 3,829 - Last Week: 98 - Last Month: 488

↘ ADM showcases resilience amidst probe and market fluctuations

ADM showcases resilience amidst probe and market fluctuations
Archer Daniels Midland (ADM) faced fluctuations based on multiple factors. The company's stock slightly decreased, but return trends appear promising. ADM's nutrition and flavor business is under government investigation. Natixis Advisors LLC and Impact Partnership Wealth LLC have acquired shares, while Diamond Hill Strategy sold its stake. ADM's Q1 represented a decline, but showed more gain than a general market dip with its creation of Gradable in collaboration with FBN. The company missed profit estimates due to US demand dip and lower crush margins. Insider selling occurred massively. Meanwhile, ADM's stock bounced higher than the market several times. Despite some accounting issues, ADM experienced strong institutional ownership at 80%. Meanwhile, the CFO's resignation amidst an accounting scandal and subsequent hiring of 3M's CFO, plans of SKU cuts and corrections of past financial statements marked significant activities. ADM also suffered lawsuits due to securities law violations. The company is planning on addressing accounting issues, and has suspended bonuses amidst ongoing probes. It also called off plans with LG Chem to build a Polylactic Acid Plant. The company's finance chief is on leave pending an accounting probe.

Archer Daniels Midland Company ADM News Analytics from Wed, 03 Jan 2024 08:00:00 GMT to Sat, 07 Sep 2024 14:31:52 GMT - Rating -3 - Innovation 1 - Information 5 - Rumor -3

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