Wednesday, July 14, 2010

Monsanto (NYSE:MON) CEO, CFO Acquire Large Amount of Shares

Monsanto (NYSE:MON) chief executive officer Hugh Grant disclosed in a Form 4 filing that he acquired 37,500 share in the company on July 13, while CFO Carl M. Casale also disclosed he acquired 30,000 shares of Monsanto on the same day.

Grant acquired his shares at $52.06, while Casale acquired his at $52.09 a share.

Shares of Monsanto had been beaten down by about 38 percent, but have made a nice move over the last five trading days, as Citigroup (NYSE:C) upgraded them to a buy, while Goldman Sachs (NYSE:GS) has been showing confidence in them for some time.

Monsanto closed Tuesday at $52.17, up $0.97 a share, or 1.89 percent.

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