Shares of Archer-Daniels-Midland Co (NYSE: ADM) tanked about 16% to a three-year low this morning following a string of bad news.ADM shares tank on probe newsCopy link to sectionThe food processing company has placed Vikram Luthar – its chief financial officer on an administrative leave following an investigation related to accounting practices. Ismael Roig will serve as the interim chief of finance at ADM, as per a press release on Sunday.Archer-Daniels-Midland also lowered its guidance for the full year t ...

Archer Daniels Midland shares plunged in premarket trade on Monday as the agribusiness giant said its chief financial officer has been placed under administrative leave, amid an investigation into accounting practices in its nutrition segment. ADM said CFO Vikram Luther was put on immediate administrative leave following a Securities and Exchange Commission “voluntary” request for documents. The Chicago-based company said outside counsel and the board audit committee are looking at accounting practices a ...

CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) today announced the appointment of Ismael Roig as Interim Chief Financial Officer. Mr. Roig is a skilled executive deeply familiar with ADM’s business, having served in a variety of global operational and financial leadership roles since joining the Company in 2004. The appointment follows the decision of the ADM Board of Directors to place Vikram Luthar, Chief Financial Officer and Senior Vice President, on administrative leave, effective immediately. Mr. Luthar ...

When investors stopped thinking about stocks to buy for high inflation, the U.K.’s Office of National Statistics (ONS) delivered a jolt to the system. On January 17, the ONS reported that the Consumer Prices Index (CPI) rose by 0.4% in December. This pushed the annual inflation rate to 4.0% from 3.9% in November. Increasing prices for alcohol and tobacco were the culprits last month. “The prices of goods leaving factories are little changed over the last few months, while the costs of raw materials remain l ...

Archer Daniels Midland Co. (ADM) is smoothly progressing on its three strategic pillars — optimize, drive and growth. The company is managing productivity and innovation and aligning work to the interconnected trends in food security, health and wellbeing. ADM is well-poised for sustainable long-term profit growth across new avenues.In the latest developments, the company announced shipping its first vessels of verified, wholly-traceable soybeans from the United States to Europe. After the initial phase of ...

The agricultural commodities sector was one of the hardest hit in recent years, thanks to the Russian invasion of Ukraine. Russia and Ukraine, the two largest wheat exporters, and their conflict disrupted the global food supply chain. Unfortunately, this came just as increasing global food demand collided with constrained production capacity. With the U.N. predicting over 10 billion mouths to feed in a little over two decades from now, food production must increase by over 50% to keep up. Demands are expect ...

CHICAGO--(BUSINESS WIRE)--ADM (NYSE:ADM), a global leader in sustainably sourced solutions from nature, announced today that it has loaded and shipped its first vessels of verified, fully traceable soybeans from the U.S. to Europe. With the completion of the initial phases of the program, and in anticipation of the new EU deforestation regulations becoming effective at the end of the year, ADM now intends to expand these capabilities to other key locations across North America in the 2024 growing season. ...

While it may be natural to stay with your winners, contrarian investors may want to consider stocks to recover in 2024. These are enterprises that didn’t quite pass muster last year. However, with possibly shifting circumstances on the horizon, marching to a different beat may yield greater shareholder profitability.Mathematically, by targeting beaten-down entities, you may be able to enjoy far more robust returns than the more conservative approach: betting on strong businesses in an uptrend hoping that th ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Archer Daniels Midland (ADM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.ADM currently has an average ...

The most recent trading session ended with Archer Daniels Midland (ADM) standing at $70.67, reflecting a -0.55% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.15%. Meanwhile, the Dow experienced a drop of 0.42%, and the technology-dominated Nasdaq saw an increase of 0.09%.The agribusiness giant's stock has dropped by 5.35% in the past month, falling short of the Consumer Staples sector's gain of 7.22% and the S&P 500's gain of 3.5%.The inves ...