FMC Corporation's (NYSE: FMC) shares have gained 9.6% over the past three months. The company has also outperformed its industry's decline of 7.8% over the same time frame. FMC has also topped the S&P 500's roughly 2.9% rise over the same period.

Let's dive into the factors behind this Zacks Rank #3 (Hold) stock's price appreciation.

Image Source: Zacks Investment Research

New Products, Restructuring Actions Aid FMC Stock

FMC delivered better-than-expected results in the second quarter on the back of higher volumes. It saw improved demand in the quarter, leading to an increase in sales volumes, especially in the United States and Brazil. The company is gaining from efforts to expand its product portfolio through new product launches and restructuring actions.

FMC is investing in technologies as well as new product launches to enhance value to the farmers. New products launched in Europe, North America and Asia are gaining significant traction. Product introductions are expected to support the company's results this ...