Why This $4.4 Million Exit Looks Bearish for a Chemicals Stock Down 50%

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Jonathan Ponciano, The Motley Fool

Fri, April 17, 2026 astatine 11:47 AM CDT 4 min read

On April 17, 2026, Old North State Wealth Management disclosed selling its full FMC Corporation (NYSE:FMC) stake, an estimated $4.42 cardinal commercialized based connected quarterly mean pricing.

According to a recent SEC filing, Old North State Wealth Management eliminated its full involvement successful FMC Corporation (NYSE:FMC) by selling 295,829 shares successful the archetypal quarter. The estimated transaction worth was astir $4.42 million, based connected the quarterly mean stock terms from January done March 2026. The quarter-end worth of the presumption dropped by $4.10 million, reflecting the combined effect of the merchantability and underlying terms movement.

Top holdings aft the filing:
- NYSE: LYB: $9.62 cardinal (4.5% of AUM)
- NASDAQ: AAPL: $8.10 cardinal (3.7% of AUM)
- NASDAQ: AMZN: $7.02 cardinal (3.2% of AUM)
- NASDAQ: NVDA: $6.88 cardinal (3.2% of AUM)
- NYSE: BA: $6.76 cardinal (3.1% of AUM)
As of April 16, 2026, FMC shares were priced astatine $17.58, down 50% implicit the past twelvemonth and importantly underperforming the S&P 500’s astir 35% summation successful the aforesaid period.

Metric

Value

Revenue (TTM)	$3.47 billion
Net Income (TTM)	($2.24 billion)
Price (as of marketplace adjacent April 16, 2026)	$17.58

FMC Corporation offers harvest extortion chemicals, including insecticides, herbicides, fungicides, biologicals, harvest nutrition, and effect attraction products.
The institution generates gross chiefly done the development, marketing, and merchantability of cultivation inputs aimed astatine enhancing harvest output and quality, with organisation via a nonstop income unit and strategical partners.
Main customers see growers, distributors, and nonrecreational pest and turf absorption providers crossed North America, Latin America, EMEA, and Asia.

FMC Corporation is an cultivation sciences institution serving a divers lawsuit basal with a suite of harvest extortion and works wellness solutions. FMC Corporation offers a wide merchandise portfolio of harvest protection, works health, and nonrecreational pest and turf absorption products.

This merchantability appears much similar a strategical exit to chopped losses than conscionable regular portfolio rebalancing, which is important for semipermanent investors to consider. When a money wholly divests from a presumption aft experiencing a important 50% drop, it often indicates diminishing assurance successful a imaginable recovery, alternatively than specified portfolio adjustments.

The company's existent concern sheds airy connected this. FMC is undergoing a challenging reset, with yearly gross dropping 18% to astir $3.47 billion, resulting successful a nett nonaccomplishment of $2.24 billion, chiefly owed to impairments and restructuring efforts. Even moving forward, absorption expects different gross decline, projecting 2026 figures to beryllium betwixt $3.6 cardinal and $3.8 billion, alongside an adjusted EBITDA alteration of up to 17%. They are besides considering strategical alternatives, including a imaginable sale, portion aiming to trim $1 cardinal successful indebtedness done plus disposals. Putting this successful position regarding the portfolio, FMC was ne'er a halfway holding, with an concern of astir $4.4 million, particularly erstwhile compared to larger stakes similar LyondellBasell astatine $9.6 million. This benignant of sentiment tin marque the exit easier to execute.

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