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Monsanto Company (MON) Surges: Stock Moves 6.2% Higher

Zacks Equity Research
Updated

Monsanto Company MON was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $116.60 to $123.59 in the past one-month time frame.

The stock was driven following a report stating that the US regulators will permit the German drugs and pesticides group to buy Monsanto worth $62.5 billion.

The company has seen two positive estimate revisions in the past month, while its Zacks Consensus Estimate for the current quarter has also moved higher over the said time period, suggesting that more solid trading could be ahead for Monsanto. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Monsanto currently has a Zacks Rank #4 (Sell), while its Earnings ESP is positive.

Monsanto Company Price

Monsanto Company Price | Monsanto Company Quote

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A better-ranked stock in the Agriculture - Products industry is The Andersons, Inc. ANDE, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Monsanto Company (MON) : Free Stock Analysis Report
 
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Zacks Investment Research