CHS (NASDAQ:CHSCL) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

CHS Inc. (NASDAQ:CHSCL)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.69 and traded as low as $25.51. CHS shares last traded at $25.51, with a volume of 19,588 shares.

CHS Trading Down 0.3%

The company has a fifty day moving average of $25.69 and a two-hundred day moving average of $25.71.

CHS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.4688 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.88 annualized dividend and a dividend yield of 7.4%.

Institutional Investors Weigh In On CHS

A hedge fund recently raised its stake in CHS stock. Moloney Securities Asset Management LLC grew its holdings in shares of CHS Inc. (NASDAQ:CHSCL) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,707 shares of the company’s stock after purchasing an additional 6,091 shares during the period. Moloney Securities Asset Management LLC’s holdings in CHS were worth $2,996,000 at the end of the most recent reporting period.

About CHS

CHS Inc, an integrated agricultural company, engages in the provision of grains, food, and energy resources to businesses and consumers worldwide. It is involved in the operation of petroleum refineries and pipelines; the supply, marketing, and distribution of refined fuels; the blending, sale, and distribution of lubricants; and the supply of propane, asphalt, and other natural gas liquids.