Company Shares of Pilgrims Pride Corporation (NASDAQ:PPC) Rally 3.41%

Pilgrims Pride Corporation (NASDAQ:PPC) : Traders are bullish on Pilgrims Pride Corporation (NASDAQ:PPC) as it has outperformed the S&P 500 by a wide margin of 1.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.41% in the last 1 week, and is up 3.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 12.62% from its 1 Year high price. On May 2, 2016, the shares registered one year high at $27.79 and the one year low was seen on Oct 29, 2015. The 50-Day Moving Average price is $24.85 and the 200 Day Moving Average price is recorded at $24.14.

The stock has recorded a 20-day Moving Average of 3.88% and the 50-Day Moving Average is 4.02%.


Pilgrims Pride Corporation (NASDAQ:PPC): On Fridays trading session , Opening price of the stock was $25.88 with an intraday high of $26. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.72. However, the stock managed to close at $25.79, a loss of 0.12% for the day. On the previous day, the stock had closed at $25.82. The total traded volume of the day was 1,186,428 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Financial Officer) of Pilgrims Pride Corp, Sandri Fabio had sold 25,400 shares worth of $699,770 in a transaction dated February 23, 2015. In this transaction, 25,400 shares were sold at $27.55 per share.

Pilgrims Pride Corporation (Pilgrims) is a producer of Chicken products. The Company is a producer and seller of chicken products with operations in the United States, Mexico and Puerto Rico. The Company is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. Its fresh chicken products include refrigerated (non-frozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. Its prepared chicken products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties. The Company focuses on foodservice industry, principally chain restaurants and food processors, such as Chick-fil-A and Yum! Brands; distributors, such as US Foods and Sysco and retail customers, including grocery store chains, and wholesale clubs, such as Kroger, Wal-Mart, Costco, Publix and Sams Club.

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