Archer Daniels Dips 14% YTD: Should You Buy, Sell or Hold ADM?
ADM(ADM) ZACKS·2024-09-26 01:30
Archer Daniels Midland Company (ADM) shares have declined 13.7% in the year-to-date (YTD) period, wider than the Zacks Agriculture – Operations industry’s decline of 5.7% and against the broader Zacks Consumer Staples sector’s 13.1% growth.Image Source: Zacks Investment ResearchOne of the key factors contributing to ADM's struggles has been the sluggish performance of its Agricultural Services & Oilseeds segment. The segment's revenues dropped by 12.6% year over year in the second quarter of 2024, contribut ...