Why FMC Plunged Over 50% in October
Shares of agricultural chemical producer FMC (NYSE: FMC) plunged 54.9% in October, according to data from S&P Global Market Intelligence.
FMC held its third-quarter earnings report on Oct. 30 that spooked investors, resulting in the bulk of the decline right at the end of the month.
Now trading at just a mid-single-digit earnings multiple, investors are asking themselves if the sell-off is a bargain opportunity. But sell-side analysts issued cautious notes even after earnings, suggesting the stock may be a value trap.
Source Fool.com
FMC Corp. Aktie
11,84 €
1,80 %
Die FMC Corp. Aktie wird von der Community mit mehreren Buy-Einschätzungen unterstützt.
Mit einem Community-Kursziel von 43 € für FMC Corp. wird ein starkes Wachstumspotenzial gegenüber dem aktuellen Kurs von 11.84 € gesehen.
