AGCO Corp (AGCO) Declines 19% in a Year: What's Ailing the Stock?
AGCO (AGCO) ZACKS·2024-06-13 00:05
AGCO Corp. (AGCO) shares lost 18.9% last year compared with the industry’s fall of 10.8%. This mainly reflects reduced sales volume, declines in production levels and low commodity prices. Image Source: Zacks Investment Research Let us take a look into the factors that are ailing this Zacks Rank #5 (Strong Sell) stock.Lower Sales Volume: In North America, industry retail sales for the first quarter of 2024 declined year over year after being down in 2023 . The decline was due to lower sales of smaller equip ...