Why FMC Corporation Rallied 17.5% in December
Shares of agricultural chemicals maker FMC Corporation (NYSE: FMC) rallied 17.5% in December, according to data from S&P Global Market Intelligence.
The insecticide producer came into the month on a very down note. In fact, despite the December bounce, FMC was the second-worst performer in the S&P 500 index in 2023.
However, with a low valuation and recent guidance for quarter-over-quarter growth, the company announced a cost-saving restructuring plan. That was cheered by bottom-fishing investors who bought the stock heading into the new year.
Source Fool.com
FMC Corp. Stock
€55.62
0.580%
With 16 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 34.84% compared to the current price of 55.62 € for FMC Corp..
