NEW YORK (TheStreet) -- Monsanto (MON) shares are down 1% to $112.99 in trading on Monday and is the subject of today's Trifecta Stocks 'Chart of the Day' analysis.
Monsanto is in the midst of pursuing Syngenta AG (SYT), which rejected its $45 billion takeover offer last week saying that the offer for a $2 billion reverse breakup fee if regulators block the deal was too small.
Monsanto had previously pursued an all stock merger with its agribusiness rival in 2011 that was also rejected.
"This approach in 2015 shows that over the last four years Monsanto has recognized the attractiveness of Syngenta's integrated strategy and weakness of their own narrow seeds and traits strategy," a Syngenta spokesman said, according to the Wall Street Journal.
"Between July 1, 2011 and April 30, 2015 - the date our current proposal was reported in the media - Syngenta's stock price has increased by 10 percent and Monsanto's stock price has increased by 57 percent," countered a Monsanto spokesman, according to the Journal.
Insight from TheStreet's Research Team:
Here is what Trifecta Stocks Bryan Ashenburg and Bob Lang had to say about what the stock's chart can tell you about its future performance.
Monsanto's chart appears to be on the bottom side of a trading range from a big picture view, but the daily action has been quite bearish.
The company is in pursuit of Swiss agrochemical name Syngenta but continues to be rebuffed. And as the offer rises, Monsanto's stock gets taken down a notch.