“Monsanto stock being dropped from hedge funds; are the markets reacting to public outrage over Monsanto’s policies?
While consumer groups and activists have been expressing outrage against the agribusiness giant Monsanto, the markets have been reacting—the massive public backlash against Monsanto’s back-door legal dealing and the health concerns over genetically modified organisms have tanked Monsanto’s ratings on Wall Street.
As a result, several hedge funds are currently dumping the corporate giant—more bad news for the Monsanto board.
Monsanto Company (NYSE:MON) has had one of the most up-and-down years of the stocks we track. Shares of the ag behemoth have been unable to get on a run in 2013, as constant drama over GMOs seems to be hitting the newswires daily. With that in mind, it appears that some hedge funds want nothing to do with it….”