Mike Pearson takes a look at the recent stock price decrease of Archer Daniel Midland (ADM) and the company being forced into the spotlight.
The shares fell January 22 and an investigation was launched into the accounting practices of the nutrition sector of the company.
In addition, the Chief Financial Officer Vikram Luthar was suspended for his accounting practices.
ADM is the second largest agriculture company in the world. The company made $101 billion in 2022.The shares fell from $68.19 on Friday, January 19 to $51.69 a share on January 22.It was the largest stock price decrease for the…
