Volume Alert: Monsanto

Posted in General 
June 25th, 2009

Monsanto Co (NYSE: MON) shares are trading at nearly twice their average volume as of 2 p.m. Eastern on Thursday, after analysts weighed in today on the company’s third-quarter results.

As VolumeSpikeInvestor.com pointed out in a brief earnings preview ahead of yesterday’s results, the key to upside for MON shares was the outlook and margins in the seed business. See previous post.

 

After earnings, however, the company on its conference call sounded less bullish than they had been in the past about the long-term ability to continue raising seed prices.

As a result, the stock gapped lower at this morning’s open and threatens to close below $76 today — Mike Tarsala.

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