FMC - Why FMC Corporation Rallied 17.5% in December
2024-01-09 07:23:00 ET
Shares of agricultural chemicals maker FMC Corporation (NYSE: FMC) rallied 17.5% in December, according to data from S&P Global Market Intelligence .
The insecticide producer came into the month on a very down note. In fact, despite the December bounce, FMC was the second-worst performer in the S&P 500 index in 2023.
However, with a low valuation and recent guidance for quarter-over-quarter growth, the company announced a cost-saving restructuring plan. That was cheered by bottom-fishing investors who bought the stock heading into the new year.
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Why FMC Corporation Rallied 17.5% in December