Archer Daniels Midland Company (ADM) stock experienced a decrease even during a market uptick. The shares were offloaded by Perpetual Ltd and experienced a breakdown after being rangebound. The company encountered a potential leak at its carbon capture storage site and had to pause CO2 injection. Moreover, it had to temporarily close its Des Moines soybean processing plant during a record harvest. Despite these challenges, the company sees benign growth that underpins its share price. However, the company faced investigations over its nutrition and flavor business. The short interest in ADM was low among the dividend giants for 2024. Tobam maintains a stock position in ADM worth $1.39 million. ADM has named Patolawala from 3M its CFO during an ongoing US government investigation and cuts a considerable number of SKUs amidst a cost savings plan. Amidst all this, the EPA proposed an enforcement order over ADM's CO2 leak and its shares sold by AlTi Global Inc.
Archer Daniels Midland Company ADM News Analytics from Mon, 22 Jan 2024 08:00:00 GMT to Sat, 12 Oct 2024 09:17:10 GMT -
Rating -8
- Innovation -4
- Information 3
- Rumor -7
