Shareholders in These 2 Stocks Got Nasty Surprises Monday
Stocks largely managed to open higher on Monday, with most major market benchmarks pushing at least minimally into positive territory by midmorning. Concerns about potential macroeconomic pressures are vying against generally strong indications of continued growth in the minds of investors, and that has created a bit of doubt after a big move higher for markets in recent months.
There were a couple of stocks that gave their investors some bad news to start the week, however. FMC (NYSE: FMC) shares fell sharply after the agricultural sciences company released its latest financial report, while Outset Medical (NASDAQ: OM) had to announce that it had received troubling correspondence from a key regulator. Read on to learn more about both stocks and why their prices are down Monday morning.
Shares of FMC dropped 9% on Monday morning. The maker of various products for crop protection gave an update on how things went in the second quarter, and shareholders weren't pleased with what they heard.
Source Fool.com
FMC Corp. Stock
With 17 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 75 € shows a positive potential of 40.98% compared to the current price of 53.2 € for FMC Corp..
