FMC is trading 6.4% up at $11.74 in pre-market, staging a technical rebound after a sharp decline in the previous session.
- The stock fell 5% on June 22 after Citigroup lowered its price target from $17.00 to $14.00 while maintaining a Neutral rating.
- With no fresh company-specific news today, the move appears to be driven by bargain-hunting following the Citi-driven slide.