ADM Shares Plunge After CFO Is Suspended
Вставка
- Опубліковано 26 січ 2025
- Archer-Daniels-Midland Co. plunged as much as 23%, the most on record, after the US agricultural trading giant suspended its chief financial officer and cut its earnings outlook pending an investigation into its accounting practices. Vikram Luthar was put on leave Sunday. Bloomberg's Simon Casey reports.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: www.bloomberg.com
Connect with us on...
Twitter: / business
Facebook: / bloombergbusiness
Instagram: www.instagram....
Eww. I won’t buy stock with forged numbers accounting. Make up numbers out of thin air. Very fishy.
Investors need to sue the company for compensation. There will be lawsuits and gonna be more expenses to pay for settlement. More pain to come.
Seriously one of the most valuable industries and they mess it up? This reminds me of AT&T or Intel with their drunken billion dollar purchases that backfire. I mean @#$# how do these guys think they'll get away with it?
Great video! I cover ADM on my food stocks UA-cam channel and agree that investors probably need more information, especially because we don't know what the corrected financials are! Thanks for sharing!
time to buy this
Not yet
@@jamescasteel8990why not
First Hawaii Electric. Now this. 2 out of my 8 Dividend stocks down the tubes. Just wonderful. 5% in T-bills looking pretty nice right now.
Bad luck man.
Buy a good dividend ETF like SCHD or VYM. My single stock purchases of any size are only the best of the best -- MSFT, P&G, JNJ, etc....You will sleep better at night. 🌛
@@Duke_of_Prunes It only a loss if you sell. ADM will comeback. So will HE.
@@billnotice9957 I won't argue that point. But I would move the money to a faster moving stock to recoup the 24% loss that ADM suffered. Tesla is risky, but at $188, it will easily go up 24% before ADM.
Aloo
Aloo