ADM Stock Summary and Trading Ideas (Archer-Daniels Midland | NYSE:ADM)

Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.

Archer-Daniels Midland trades on the NYSE stock market under the symbol ADM.

As of May 13, 2024, ADM stock price declined to $62.63 with 3,496,357 million shares trading.

ADM has a beta of 0.43, meaning it tends to be less sensitive to market movements. ADM has a correlation of 0.02 to the broad based SPY ETF.

ADM has a market cap of $31.43 billion. This is considered a Large Cap stock.

Last quarter Archer-Daniels Midland reported $22 billion in Revenue and $1.46 earnings per share. This fell short of revenue expectation by $-423 million and exceeded earnings estimates by $.10.

In the last 3 years, ADM stock traded as high as $98.88 and as low as $50.72.

The top ETF exchange traded funds that ADM belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

ADM stock has underperformed the market in the last year with a return of -14.5%, while SPY returned +28.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ADM shares. However, ADM has outperformed the market in the last 3 month and 2 week periods, returning +19.4% and +3.2%, while SPY returned +5.8% and +2.1%, respectively. This indicates ADM has been having a stronger performance recently.

ADM support price is $62.12 and resistance is $63.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADM stock will trade within this expected range on the day.