Today, the President & COO of FMC Corp (NYSE: FMC), Mark Douglas, bought shares of FMC for $366.1K.
This is Douglas’ first Buy trade following 5 Sell transactions. This recent transaction increases Mark Douglas’ holding in the company by 5.09% to a total of $7.35 million.
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Based on FMC Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.26 billion and quarterly net profit of $129 million. In comparison, last year the company earned revenue of $657 million and had a net profit of $74.5 million. FMC’s market cap is $11.28B and the company has a P/E ratio of 11.56. Currently, FMC Corp has an average volume of 694K.
21 different firms, including BMO Capital and Merrill Lynch, currently also have a Buy rating on the stock. Starting in April 2018, FMC received 19 Buy ratings in a row. Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $108.67, reflecting a -22.2% downside.
In the last 30 days, insiders have sold $601.2K worth of FMC shares and purchased $366.1K worth of FMC shares. The insider sentiment on FMC Corp has been negative according to 71 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Mark Douglas’ trades have generated a -11.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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FMC Corp. engages in the provision of solutions, applications, and products for the agricultural, industrial, and consumer markets. It operates through two segments: FMC Agricultural Solutions and FMC Lithium.
