Deere & Company's stock (NYSE:DE) has seen numerous transactions by various asset management firms recently, marking a dynamic period of significant interest from hedge funds, perceived as potentially the best under-the-radar AI stock. However, some scepticisms persist, with concerns of stocks being fully valued at $400. Post-earnings dip triggered questions on whether it might serve as a lucrative buying opportunity, which was further accentuated by a 6% fall in a week, following downbeat outlook. The stocks have seen a purchase of 147 shares by Hennion & Walsh Asset Management Inc., 721 by Aletheian Wealth Advisors LLC and increased positions by Aspiriant LLC, St. Johns Investment Management Company LLC, among others. On the other hand, transactions also involved selling like 143 shares sold by Gilman Hill Asset Management LLC or reduction in positions by Mechanics Bank Trust Department. Despite a guidance cut with an earnings beat, the company somehow manages to attract investor attention, and the argument looms whether Deere & Co is well-positioned for growth. With lowered outlook and crop prices weighing on farm income, it remains to see if this iconic blue-chip company is still a long-term buy.
Deere Stocks DE News Analytics from Fri, 22 Sep 2023 07:00:00 GMT to Sun, 30 Jun 2024 11:40:21 GMT -
Rating -3
- Innovation 4
- Information 8
- Rumor -1
