Archer-Daniels-Midland Company (NYSE:ADM) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.25% to 44.02 with around 102553 shares have changed hands in this session. U.S. agricultural commodities trader Archer Daniels Midland Co(ADM) has agreed to sell its Crop Risk Services (CRS) insurance business for $127.5 million to Validus Holdings Ltd, the companies reported on Monday.The deal, which is expected to close in the first half of this year pending a regulatory review, includes a services contract under which ADM will continue to offer insurance products and grain marketing services to CRS consumers, the company said.
ADM said it expects to record a book gain upon closing.The sale comes amid a commodities market downturn that has squeezed margins for ADM and other agribusinesses and prompted divestments of lower-margin and noncore businesses.Rival Cargill Inc sold its crop insurance unit in December 2015. ADM is in the process of selling its ethanol-producing corn dry mills amid persistently weak margins. The stock is going forward its fifty-two week low with 43.87% and lagging behind from its 52-week high price with -7.33%.
Similar, the positive performance for the quarter recorded as 3.18% and for the year was 28.79%, while the YTD performance remained at -3.33%. ADM has Average True Range for 14 days of 0.81.
Intel Corporation (NASDAQ:INTC) [Trend Analysis] retains strong position in active trade, as shares scoring -1.04% to $37.03 in a active trade session, while looking at the shares volume, around 1.69 Million shares have changed hands in this session. CEO of Intel (INTC) told employees the company does not back the Trump Administration’s immigration order that bans travel for those hailing from seven predominantly Muslim countries.“We will continue to make our voice heard that we believe immigration is an important part of making Intel and America all that we can be,” Krzanich told employees in an internal memo obtained by the Oregonian.
“I have heard from many of you and share your concern over the recent executive order and want you to know it is not a policy we can support.”Krzanich was one of several high profile technology executives to comment over the weekend on the Trump administration’s executive order restricting travel from seven predominantly Muslim countries.
In the note, Krzanich said the company is working with employees directly affected by the order. The company declined to say how many employees are effected or what the specific support looks like. The firm has institutional ownership of 67.90%, while insider ownership included 0.04%. INTC attains analyst recommendation of 2.20 with week’s performance of 1.77%. Investors looking further ahead will note that the Price to next year’s EPS is 5.60%.