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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
07/08/2024 11:09:00 EST
Bunge Limited (BG)
Industry: Farm Products
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, BG has been trading in a range between $108.17 and $102.44 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
BG is breaking above top of the recent 20 day range at $109.87 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Bunge Limited $BG entered a Green zone 10 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $135, a potential upside of 24.32% from the recent price of 108.59. The stock is trading 4.6% (potential upside) below its 52 week high of $113.58 and 27.89 % (potential downside) above its 52 week low of $84.91 - based on the recent price.
Company Summary
Bunge Global SA operates as an agribusiness and food company worldwide It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.
News
| Bunge Schedules Second Quarter 2024 Earnings Release and Conference Call ST. LOUIS--(BUSINESS WIRE)--Bunge Global SA (NYSE: BG) will announce its results for the quarter ended June 30, 2024, on Wednesday, July 31, 2024, prior to the market opening. The Company's management will also host a conference call at 7:00 a.m. Central Time to discuss the results. A slide presentation to accompany the discussion will be posted on www.bunge.com. To access the webcast, go to “Events & Presentations” under “News & Events” in the “Investor Center” section of the company's. Source: Business Wire Mon, 01 Jul 2024 07:00:00 -0400 Sentiment: Neutral |
| Bunge Global (BG) to Sell Its 50% Stake in BP Bunge Bioenergia Bunge Global (BG) to focus on core businesses with the sale of its shares in the BP Bunge Bioenergia joint venture. Source: Zacks Investment Research Mon, 24 Jun 2024 11:05:24 -0400 Sentiment: Positive |
| BP to buy out Bunge's stake in Brazilian biofuels JV in $1.4 bln deal BP has agreed to buy grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels. Source: Reuters Thu, 20 Jun 2024 08:37:02 -0400 Sentiment: Positive |
| Bunge Announces Sale of its Ownership Share in its Sugar and Bioenergy Joint Venture in Brazil ST. LOUIS--(BUSINESS WIRE)--Bunge Global SA (NYSE:BG) has entered into definitive agreements to sell its 50% share in BP Bunge Bioenergia to bp, its joint venture partner. BP Bunge Bioenergia, a joint venture formed in 2019, combined both companies' Brazilian bioenergy and sugarcane ethanol businesses with a total of 11 mills located across the Southeast, North and Midwest regions of Brazil. At closing, which is expected to happen in the fourth quarter of 2024, bp will own 100% of the business. Source: Business Wire Thu, 20 Jun 2024 07:30:00 -0400 Sentiment: Neutral |
| EU regulators to decide on Bunge and Viterra's $34 bln deal by July 18 U.S. grains merchant Bunge and Glencore-backed Viterra's plan to create a $34 billion agricultural trading giant will be decided by EU antitrust regulators by July 18, a European Commission filing showed on Monday. Source: Reuters Mon, 17 Jun 2024 07:13:45 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 113.5785 52 Week Low: 84.9053 Beta: 0.657 50 Day MA: 104.8582 200 Day MA: 101.7703 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.595 Qtr Revenue Growth YOY: -0.125 Forward PE: 11.3636 Trailing PE: 8.7573