Why FMC Stock Crashed 12% Today
Shares of agricultural-chemicals specialist FMC Corporation (NYSE: FMC) collapsed in Monday trading, falling 12.5% through 1 p.m. ET, and it's no great secret why:
Early this morning, before the stock market opened for trading, FMC drastically reduced its guidance for its upcoming third-quarter earnings report -- and for the full year as well.
The news here is pretty grim, so let's break it down line by line.
Source Fool.com
FMC Corp. Stock
€53.20
1.920%
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..
