DuPont de Nemours (DD) recently experienced a series of significant events.
American International Group and Rafferty Asset Management reduced their positions, while
TD Asset Management and Pinebridge Investments increased their stakes. Interestingly,
President Jon Kemp offloaded 5000 shares, coinciding with insider sales worth $2.4 million. The 220-year-old company made headlines when it was upgraded to a
Strong Buy and then hit a new 52-week high at $82.67. Yet, there've been some underperformances compared to its competitors. Despite these mixed signals, some analyses suggest that the stock is undervalued. Significant developments include DD's plan to split into three separate entities and replace CEO
Ed Breen. For Q1 2024, the company reported
increased dividends and EPS, beating estimates, even as sales declined. However, analysts see DD being
a top momentum stock for investors going forward. The company plans a larger dividend payout at $0.38, and indicators suggest a return of demand from China. Yet, some developments raise concerns as the past five years have not been profitable for investors and the company's
stock fell by 13.4% in a single week.
Dupont De Nemours DD News Analytics from Tue, 03 Oct 2023 07:00:00 GMT to Sun, 09 Jun 2024 12:17:23 GMT -
Rating 4
- Innovation -5
- Information 8
- Rumor 7
