Why FMC Stock Was Sinking This Week
Agricultural chemicals specialist (NYSE: FMC) wasn't an investor darling over the past few trading days. Mr. Market was displeased with the company's announcement that it was floating a new issue of debt securities, a flotation that was soon upsized; largely as a result, its shares were trading 9% lower week to date as of Friday afternoon, according to data compiled by S&P Global Market Intelligence.
On Tuesday, FMC announced the impending flotation of $750 million aggregate principal amount of senior secured notes.
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Source Fool.com
FMC Corp. Stock
€9.96
-1.530%
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
Based on the current price of 9.96 € the target price of 20 € shows a potential of 100.8% for FMC Corp. which would more than double the current price.
