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Bunge Limited (BG) Shows Strength: Stock Moves 10% Higher

Bunge LimitedBG 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 , which holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank ( Strong Buy) stocks here.

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Cal-Maine Foods, Inc. (CALM): Free Stock Analysis Report

Bunge Limited (BG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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