Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest announcement is out from Graincorp Limited Class A ( (AU:GNC) ).
Macquarie Group Limited has become a substantial holder in Graincorp Limited, a company known for its operations in the agribusiness sector, particularly in grain handling and storage. This development indicates Macquarie’s increased influence over Graincorp, with a voting power of 8.73% through various controlled entities, potentially impacting Graincorp’s strategic decisions and market positioning.
More about Graincorp Limited Class A
YTD Price Performance: -13.32%
Average Trading Volume: 6,958
Technical Sentiment Signal: Strong Buy
Current Market Cap: $878.8M
See more insights into GNC stock on TipRanks’ Stock Analysis page.