Corteva Potential Business Split Weighs on Shares, Down Over 3%

about 1 month ago

Christine Aquino

"Corteva, CTV80 shares not doing too well, down more than 3%. The Wall Street Journal reported that it is considering separating its seed and pesticide businesses, and Bloomberg Intelligence warned that such a split would undermine its product and financial logic, taking the company away from its 'farming as a service' model."

Corteva (CTV80) is experiencing sell pressure with shares down over 3% following reports of a potential business split that would separate its seed and pesticide divisions. This separation, viewed negatively by Bloomberg Intelligence for undermining its integrated farming model, suggests a bearish stance, signaling investors to consider reducing exposure.