10-May-2024
Barclays Remains a Hold on Corteva (CTVA)
TipRanks (Mon, 13-May 3:47 AM ET)
Corteva to Participate in the 2024 BMO Farm to Market Chemicals Conference
PRNewswire (Wed, 8-May 8:00 AM ET)
Corteva Reports First Quarter 2024 Results, Reaffirms 2024 Guidance
PRNewswire (Wed, 1-May 5:10 PM ET)
Corteva Declares Quarterly Dividend
PRNewswire (Fri, 26-Apr 8:00 AM ET)
The Value Unlocker: Why Ed Breen Makes Investors Money
Yolowire (Wed, 17-Apr 6:07 PM ET)
Ducera Growth Ventures Announces Strategic Collaboration with Corteva Catalyst
Business Wire (Mon, 25-Mar 8:00 AM ET)
Corteva Launches Corteva Catalyst
PRNewswire (Tue, 19-Mar 8:00 AM ET)
Corteva Announces Dates for First Quarter 2024 Earnings Release and Webcast
PRNewswire (Wed, 13-Mar 8:00 AM ET)
AgPlenus Achieves Milestone in Collaboration with Corteva to Develop Novel Herbicides
PRNewswire (Wed, 6-Mar 7:00 AM ET)
PRNewswire (Wed, 28-Feb 7:00 AM ET)
Corteva is an agriculture pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop chemicals products. Seeds generate a little over half of profits with the remainder coming from crop protection chemicals. Although Corteva operates globally, around half of revenue comes from North America.
Corteva Common trades on the NYSE stock market under the symbol CTVA.
As of May 10, 2024, CTVA stock price declined to $57.48 with 3,239,617 million shares trading.
CTVA has a beta of 0.61, meaning it tends to be less sensitive to market movements. CTVA has a correlation of 0.07 to the broad based SPY ETF.
CTVA has a market cap of $40.17 billion. This is considered a Large Cap stock.
Last quarter Corteva Common reported $4 billion in Revenue and $.89 earnings per share. This fell short of revenue expectation by $-158 million and exceeded earnings estimates by $.05.
In the last 3 years, CTVA stock traded as high as $68.43 and as low as $40.60.
The top ETF exchange traded funds that CTVA belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
CTVA stock has underperformed the market in the last year with a return of +0.9%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CTVA shares. However, CTVA has outperformed the market in the last 3 month and 2 week periods, returning +7.5% and +4.7%, while SPY returned +4.2% and +2.5%, respectively. This indicates CTVA has been having a stronger performance recently.
CTVA support price is $56.96 and resistance is $58.70 (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 CTVA stock will trade within this expected range on the day.