FMC Stock Plunges as Weak Sales, Destocking Hit Earnings—Key Price Levels to Watch

Key TakeawaysFMC shares fell sharply after the chemical maker issued first-quarter earnings guidance significantly below analysts' expectations due to weak sales volumes and destocking challenges.The company's Latin American business reported a 38% decline in fourth-quarter sales, compounded by drought conditions in Brazil.Although the FMC share price has recently clawed back above the 50-day moving average, it appears poised to retest the key $50 level. FMC Corporation Source: TradingView.com.Shares in ...