How To Trade The China GMO Rumor (SEED, FEED)

By Benzinga Staff
December 28, 2010 11:16 AM

Symbols: FEED, GMO, SEED

Posted in: Long Ideas, Trading Ideas

Shares of Origin Agritech (NASDAQ: SEED) and AgFeed Industries (NASDAQ: FEED) are flying today on rumors that China might approve genetically-modified (GMO) crops.

Shares of FEED have retraced some of their earlier gains, now showing $2.44 or a 1.2% gain from yesterday's close. This is in contrast to SEED's 7% gain at $10.30. FEED would be the relatively cheaper of the two stocks to buy at this point.

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How To Trade The China GMO Rumor (SEED, FEED)

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