Corteva Inc (NYSE: CTVA) is 18.93% higher on its value in year-to-date trading and has touched a low of $43.89 and a high of $63.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CTVA stock was last observed hovering at around $55.21 in the last trading session, with the day’s gains setting it 1.78%.
Currently trading at $56.99, the stock is -4.29% and -2.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.19 million and changing 3.22% at the moment leaves the stock 2.69% off its SMA200. CTVA registered 21.33% gain for a year compared to 6-month gain of 0.44%. The firm has a 50-day simple moving average (SMA 50) of $58.336 and a 200-day simple moving average (SMA200) of $55.47695.
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The stock witnessed a -4.07% loss in the last 1 month and extending the period to 3 months gives it a 6.32%, and is -2.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.53% over the week and 2.14% over the month.
Corteva Inc (CTVA) has around 22500 employees, a market worth around $37.67B and $16.64B in sales. Current P/E ratio is 57.74 and Fwd P/E is 17.66. Profit margin for the company is 4.18%. Distance from 52-week low is 29.85% and -10.60% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).
The EPS is expected to shrink by -4.60% this year.
Corteva Inc (CTVA) Top Institutional Holders
1610.0 institutions hold shares in Corteva Inc (CTVA), with institutional investors hold 86.63% of the company’s shares. The shares outstanding are 701.26M, and float is at 686.19M with Short Float at 1.48%. Institutions hold 86.55% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 78.39 million shares valued at $4.23 billion. The investor’s holdings represent 11.1928% of the CTVA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 53.66 million shares valued at $2.89 billion to account for 7.6611 of the shares outstanding. The other top investors are STATE STREET CORP which holds 33.52 million shares representing 4.7861% and valued at over $1.81 billion, while ARISTOTLE CAPITAL MANAGEMENT, LLC holds 3.4404 of the shares totaling 24.1 million with a market value of $1.3 billion.
Corteva Inc (CTVA) Insider Activity
The most recent transaction is an insider sale by FUERER CORNEL B, the company’s SVP, Gen Counsel and Secretary. SEC filings show that FUERER CORNEL B sold 39,736 shares of the company’s common stock on May 14 ’24 at a price of $57.41 per share for a total of $2.28 million. Following the sale, the insider now owns 0.13 million shares.
Corteva Inc disclosed in a document filed with the SEC on May 09 ’24 that Eathington Samuel Rsold a total of 31,686 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $57.64 per share for $1.83 million. Following the transaction, the insider now directly holds 53854.0 shares of the CTVA stock.
Still, SEC filings show that on May 06 ’24, TITUS BRIAN () disposed off 12,134 shares at an average price of $56.65 for $0.69 million. The insider now directly holds 13,495 shares of Corteva Inc (CTVA).
