Back to top

Bunge (BG) Shows Strength: Stock Adds 16.6% in Session
May 24, 2017

Read MoreHide Full Article

Bunge Limited (BG - Free Report) was a big mover last session, as its shares rose almost 17% on the day. The upside came after The Wall Street Journal reported that Glencore PLC approached the company about a takeover. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $67.04 to $79.03 in the past one-month time frame.

Over the last 30 days, the company witnessed three negative estimate revisions while the Zacks Consensus Estimate also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Bunge currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Agriculture – Products space is Cosan Limited (CZZ - Free Report) , carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BG going up? Or down? Predict to see what others think: Up or Down

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.   See the pot trades we're targeting>>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Cosan Limited (CZZ) - free report >>

Bunge Limited (BG) - free report >>


More from Zacks Tale of the Tape

You May Like