Insider Trading Report: FMC Corporation (FMC)

Carol Davidson, a director at FMC Corporation (FMC), recently picked up 1,500 shares. The buy increased her stake by nearly 50 percent, and came to a total purchase price of just over $140,000.

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  • She was joined by the company CEO, who bought shares last week, picking up 1,1100 shares at a price of nearly $100,000. This marks the first insider buy at the company since late 2018. Otherwise, company insiders have been steady sellers of shares.

    Overall, company insiders own 0.7 percent of shares.

    Shares of the agricultural sciences company are down about 15 percent over the past year, far underperforming the overall stock market. Nevertheless, revenue and earnings are up nearly double-digits over the past year, and shares trade at nearly 14 times forward earnings.

    Action to take: Investors may like shares here, given the company’s growth and underperformance relative to the stock market over the past year. Shares also yield about 2.1 percent right now, and the company raised its dividend recently from $1.88 to $1.92 annually.

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  • For traders, shares may have stopped declining in mid-August, as new uptrend may be under way. The January $95 calls last going for about $5.00, are an at-the-money trade with several months to play out. If the uptrend continues, the options will flip in-the-money shortly and could deliver mid-to-high double-digit returns.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.