Deere stock price hovered at $366

Deere stock price hovered at $366.40 in midday trading, up 0.5% on optimism over summer agricultural equipment demand. Technical charts show a potential breakout if resistance at $368 is cleared with higher trading volume. Are you a potential investor? If you’ve been keeping tabs on DE, now may not be the most advantageous time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for DE, which means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. Down 4% This Week What’s Next For Deere Stock After Downbeat 2024 Guidance? Deere stock price saw intraday gains to $370.00 as investors reacted to upbeat global machinery shipment figures. Analysts suggest maintaining positions amid favorable credit conditions.