Nutrien ( (TSE:NTR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Nutrien shares climbed as several analysts turned more optimistic after revisiting global supply and demand data for potash, concluding that a “tighter-for-longer” market could support a higher valuation for the stock. This more bullish stance has fueled investor interest and helped lift the share price, even as some analysts remain cautious, citing uneven economic conditions, recent market volatility, and largely neutral insider trading signals. Nutrien’s stock has recently been trading in the low $60 range, after spending the past year fluctuating between the mid-$60s and the high-$80s.
More about Nutrien
YTD Price Performance: -0.63%
Average Trading Volume: 2,410,396
Technical Sentiment Signal: Buy
Current Market Cap: $28.65B
For further insights into NTR stock on TipRanks’ Stock Analysis page.
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