FMC Corp (FMC) is Downgraded by Piper Jaffray to Underweight

FMC Corp (FMC) is Downgraded by Piper Jaffray to Underweight , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

FMC Corp. is up 16.01% in the last 3-month period. Year-to-Date the stock performance stands at -30.36%.

FMC Corporation (NYSE:FMC) has lost 3.57% during the past week and dropped 7.8% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 2.77%. FMC Corporation (NYSE:FMC) has underperformed the index by 5.65% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of FMC Corporation (NYSE:FMC) ended Thursday session in red amid volatile trading. The shares closed down 0.56 points or 1.41% at $39.13 with 699,493 shares getting traded. Post opening the session at $39.49, the shares hit an intraday low of $39.13 and an intraday high of $39.91 and the price vacillated in this range throughout the day. The company has a market cap of $5,229 million and the number of outstanding shares have been calculated to be 133,622,997 shares. The 52-week high of FMC Corporation (NYSE:FMC) is $64.72 and the 52-week low is $32.58.

Currently the company Insiders own 0.81% of FMC Corporation shares according to the proxy statements. Institutional Investors own 92.55% of FMC Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 24.35%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Fmc Corp, Graves Paul W had purchased shares worth of $136,487 in a transaction dated on September 1, 2015. A total of 3,342 shares were purchased at a price of $40.84 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

FMC Corporation (FMC) is a diversified chemical company. The Company operates in three business segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals. Its Agricultural Products segment develops, markets and sells all three classes of crop protection chemicals, such as insecticides, herbicides, and fungicides, with particular strength in insecticides and herbicides. Specialty Chemicals consists of its BioPolymer and lithium businesses and focuses on food ingredients that are used to enhance texture, color, structure and physical stability, and lithium for energy storage, specialty polymers and pharmaceutical synthesis. Its Industrial Chemicals segment manufactures a range of inorganic materials. In March 2014, the Company announced that it has completed the sale of its Peroxygens business to affiliates of One Equity Partners. In May 2014, the Company established new natural colors blending facility at its Newark, Del., manufacturing site.