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Yahoo
4 days ago
- Business
- Yahoo
Why FMC Stock Popped Today
The company announced the signing of a new deal with a major peer in its industry. This should boost visibility and sales of a crucial fungicide it developed. 10 stocks we like better than FMC › The announcement of a new partnership was the plant food growing FMC's (NYSE: FMC) stock price during Wednesday's trading session. The agricultural sciences company's shares advanced to close the day more than 5% higher, a percentage rate that trounced the essentially flat performance of the benchmark S&P 500 (SNPINDEX: ^GSPC). Just after market close on Tuesday, FMC announced that it has signed a "strategic agreement" with agribusiness peer Corteva Agriscience (NYSE: CTVA). According to FMC, the deal will bolster its fungicide technology in the domestic corn and soybean markets. FMC and Corteva have agreed to market fluindapyr, FMC's fungicide, to growers of those crops. FMC is to continue offering its Adastrio fungicide containing the chemical, while Corteva has committed to launching a fluindapyr-based product at the start of next year's growing season. According to FMC, American corn and soybean agriculture comprise around 95 million and 80 million planted acres, respectively, so together they form a considerable market. To capitalize on this, FMC quoted president Ronaldo Pereira as saying that it and Corteva are "providing more growers with access to the advanced tools they need to effectively combat costly and challenging diseases, helping them protect yield potential and maximize their return on investment." FMC did not provide the financial particulars of its new tie-up with Corteva, nor did it supply the finer details of the agreement. Despite that, it's clearly a win for the company, as this is a big partnership in the U.S. agriculture science space that could expand its customer base substantially. Investors were right to bid the stock up on the news. Before you buy stock in FMC, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and FMC wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why FMC Stock Popped Today was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
5 days ago
- Business
- Business Insider
FMC, Corteva Agriscience collaborate on fluindapyr fungicide technology
FMC (FMC) announced a strategic agreement with Corteva Agriscience (CTVA) that will expand FMC's fluindapyr fungicide technology in the U.S. corn and soybean markets. The collaboration between the two agricultural companies will enable more U.S. growers to combat challenging foliar diseases, such as tar spot and southern rust, with this novel fungicide active ingredient. Under the terms of the agreement, both companies will market fluindapyr-based fungicide products to U.S. corn and soybean growers. FMC will continue to offer Adastrio fungicide while developing new fungicide products containing fluindapyr. Corteva Agriscience will launch a fluindapyr-based product at the beginning of the 2026 growing season, pending Environmental Protection Agency registration. Confident Investing Starts Here:
