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

Shares of CHS Inc. (NASDAQ:CHSCL) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $25.90 and traded as low as $25.55. CHS shares last traded at $25.59, with a volume of 17,006 shares trading hands.

CHS Price Performance

The firm has a 50 day moving average price of $25.90 and a two-hundred day moving average price of $25.94.

CHS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.4688 per share. The ex-dividend date is Monday, March 17th. This represents a $1.88 annualized dividend and a dividend yield of 7.33%.

Institutional Investors Weigh In On CHS

A hedge fund recently raised its stake in CHS stock. Moloney Securities Asset Management LLC lifted its holdings in shares of CHS Inc. (NASDAQ:CHSCL) by 11.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,505 shares of the company’s stock after purchasing an additional 11,062 shares during the period. Moloney Securities Asset Management LLC’s holdings in CHS were worth $2,837,000 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.