Why These 5 Stocks Are Moving on Monday

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In this article, we take a look at five stocks that are moving on Monday. If you want to read our detailed analysis of these stocks, go directly to Why These 10 Stocks Are Moving on Monday.

5. Archer-Daniels-Midland Company (NYSE:ADM) is up 5.8% today. The Russia-Ukraine conflict is contributing towards an increase in commodity prices globally. This is playing in favor of the Chicago, Illinois-based multinational food processing and commodities trading corporation. Furthermore, Archer-Daniels-Midland Company (NYSE:ADM) also received a favorable revision in its target price from Benjamin Theurer at Barclays. The analyst increased the target price from $80 to $88 and thinks that Archer-Daniels-Midland Company (NYSE:ADM) is in a position to capitalize on the short-term disruption and has strong long-term prospects based on the company fundamentals. Insider Monkey’s proprietary data comprising 924 hedge funds revealed that 41 hedge funds held a stake in Archer-Daniels-Midland Company (NYSE:ADM) as of Q4 2021.

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