Deere shares are trading lower following a report suggesting the FTC is probing the company in an antitrust and consumer protection inquiry.
Portfolio Pulse from Benzinga Newsdesk
Deere shares are trading lower due to a report that the FTC is investigating the company for antitrust and consumer protection issues.
October 17, 2024 | 5:54 pm
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NEGATIVE IMPACT
Deere is under investigation by the FTC for potential antitrust and consumer protection violations, causing its shares to trade lower.
The FTC's investigation into Deere for antitrust and consumer protection issues is likely to create uncertainty and negative sentiment among investors, leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100