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Top related persons:
Archer - 1 Vikram Luthar - 1 Luthar - 1 Goldman Sachs - 1 Adam Samuelson - 1 Ismael Roig - 1 Tesla - 1 Morgan Stanley - 1
Top related locs:
Mendota , Illinois U.S Chicago Red China Saudi Arabia
Top related orgs:
Daniels - 1 Midland Co - 1 Midland - 1 U.S . Securities - 1 Exchange Commission - 1 SEC - 1 for Research - 1 ADM - 1

Search resuls for: "Bunge Global"


2 mentions found


☆ ADM shares plunge 24% in worst day since 1929 as CFO is placed on leave
  + stars: | 2024-01-23 | by ( ) www.cnbc.com   time to read: +3 min
The Archer-Daniels-Midland Co. (ADM) grain facility in Mendota, Illinois, U.S.Shares of Archer-Daniels-Midland plunged 24% on Monday, its biggest one-day drop since 1929, after CFO Vikram Luthar was placed on administrative leave as the company investigates accounting practices at its Nutrition segment. The probe brings more uncertainty to ADM's high-margin Nutrition segment, which is under pressure due to weak demand for meat alternatives and other products as well as downtime at a large soy processing facility. The Nutrition segment, however, has not performed well in recent quarters. "First and foremost, understanding the true scope of potential accounting irregularities and their impact on Nutrition segment revenues/margins will be critical," said Goldman Sachs analyst Adam Samuelson. ADM appointed Ismael Roig, who has been with the company since 2004, as its interim CFO.
Persons: Archer, Vikram Luthar, Luthar, Goldman Sachs, Adam Samuelson, Ismael Roig Organizations: Daniels, Midland Co, Midland, U.S . Securities, Exchange Commission, SEC, for Research, ADM, BMO, UBS, Bunge Global Locations: Mendota , Illinois, U.S, Chicago
☆ These stocks are getting close to oversold territory
  + stars: | 2024-01-12 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
There may be buying opportunities in a few stocks getting hit after making headlines this week. The relative strength indicator, which measures the magnitude and speed of price moves, is a popular metric used to evaluate whether shares are overbought or oversold. A stock with a 14-day RSI below 30 is considered oversold, suggesting that it could be a promising entry point for investors. The full oversold list While many noteworthy S & P 500 stocks are on the verge of being oversold, just two actual have RSIs below 30: Baker Hughes and Bunge Global . Here's the full list of overbought stocks: THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .
Persons: Tesla, Morgan Stanley, FactSet, Dave Calhoun, Baker Hughes Organizations: Reuters, Hertz, Tesla, Boeing, Alaska Airlines, Federal Aviation Administration, Max, Bunge, CNBC, Juniper Networks, Traders, Hewlett Packard Enterprise, Pharmaceutical Locations: Red, China, Saudi Arabia
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