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News  ›  The Motley Fool

Is FMC Stock a Buy After a Member of the Board of Directors Scooped Up 7,000 Shares?

The Motley Fool Logo The Motley Fool By Robert Izquierdo
Is FMC Stock a Buy After a Member of the Board of Directors Scooped Up 7,000 Shares?

FMC Corporation board member John Mitchell Raines purchased 7,000 shares, more than doubling his stake, amid the company's significant financial challenges including revenue decline, net losses, and dividend cuts.

Insights
RGTI   neutral

Characterized as a speculative quantum computing stock with unsustainable burn rates


FMC   negative

Company experienced a 49% year-over-year revenue drop, shifted from $66 million net income to a $569 million net loss, saw free cash flow plunge from $132 million to negative $233 million, and cut dividend payments. Stock price declined 74.1% over twelve months, reaching a 52-week low.