Agrium Jumps 5% as Company Says it Will Hit High End of Guidance Range
Agrium (NYSE: AGU) is a stock that is having a very good day on Tuesday, but may be flying under the radar of some traders. The company said this morning that it expects its earnings for the second half of the year to be at the top end of its previous guidance range. Investors have been keying on this data-point to accumulate the stock throughout the trading session.
On an intra-day basis, AGU shares have been moving persistently higher and at last check the stock was up nearly 5% to $82.41. Other fertilizer names are also having strong sessions in light of the news from Agrium. Potash (NYSE: POT) shares have added 2.45% to $38.50 while CF Industries (NYSE: CF) was last up 1% to $168.01. Mosaic (NYSE: MOS) shares have climbed 2.20% to $48.42.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.