CHS (NASDAQ:CHSCL) Stock Passes Below Fifty Day Moving Average – What’s Next?

Shares of CHS Inc. (NASDAQ:CHSCL) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $25.63 and traded as low as $25.59. CHS shares last traded at $25.69, with a volume of 19,138 shares trading hands.

CHS Trading Up 0.1%

The stock’s fifty day simple moving average is $25.63 and its 200-day simple moving average is $25.66.

CHS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.4688 dividend. This represents a $1.88 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, March 17th.

Institutional Investors Weigh In On CHS

An institutional investor recently bought a new position in CHS stock. IMA Advisory Services Inc. purchased a new stake in CHS Inc. (NASDAQ:CHSCL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,896 shares of the company’s stock, valued at approximately $177,000.

CHS Company Profile

CHS Inc, whose Class B Common Stock trades on the Nasdaq under the symbol CHSCL, is a diversified global agribusiness cooperative headquartered in Inver Grove Heights, Minnesota. As one of the largest cooperatives of its kind, CHS is owned by farmers, ranchers and cooperatives across the United States, and it serves as a critical link in the agricultural supply chain from field to fork.

The company’s core operations are organized into key segments. In Energy, CHS markets refined fuels, lubricants, propane and renewable products under the Cenex® brand and through strategic partnerships, supporting retail stations, commercial fleets and heating markets.