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Bunge Limited (BG) Shows Strength: Stock Moves 10% Higher
Bunge Limited (BG - Free Report) was a big mover last session, as the company saw its shares rise 10% on the day. The upside was driven by the company’s strong results for fourth-quarter 2016. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $67.81 to $69.63 in the past one-month time frame.
The company has seen two negative estimate revisions in the past 30 days and its Zacks Consensus Estimate also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Bunge Limited currently has a Zacks Rank #4 (Sell).
Bunge Limited Price
Bunge Limited Price | Bunge Limited Quote
A better-ranked stock in the Agriculture-Products industry is Cal-Maine Foods, Inc. (CALM - Free Report) , which holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank ( Strong Buy) stocks here.
Is BG going up? Or down? Predict to see what others think: Up or Down
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In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>