Origin Agritech (SEED) Shares Rocket Higher as Analyst Sees Upside on China GMO Approval
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Price: $1.00 -1.96%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Origin Agritech (Nasdaq: SEED) shares are ripping Wednesday morning on an analyst call regarding upcoming seed regulation changes in China.
Following a recent meeting with management, Monness Crespi analyst Chris Shaw said Origin Agritech is most likely to gain approval for the first GMO seed in China.
Though he cautioned approval might be delayed for some time, Shaw believes the news is most positive for Origin Agritech and less beneficial to DuPont (NYSE: DD), Monsanto (NYSE: MON), and Syngenta AG (NYSE: SYT).
Shares of Origin Agritech are up 72 percent on the session.
Following a recent meeting with management, Monness Crespi analyst Chris Shaw said Origin Agritech is most likely to gain approval for the first GMO seed in China.
Though he cautioned approval might be delayed for some time, Shaw believes the news is most positive for Origin Agritech and less beneficial to DuPont (NYSE: DD), Monsanto (NYSE: MON), and Syngenta AG (NYSE: SYT).
Shares of Origin Agritech are up 72 percent on the session.
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