Large Inflow of Money Witnessed in Sanderson Farms

Sanderson Farms (SAFM) : On Thursday, The money flowed into the Sanderson Farms (SAFM) stock with an uptick to downtick ratio was recorded at 2.19. Transactions worth $0.4 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.18 million. The total money flow into the stock was $0.22 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0 million of block transactions on upticks. The total money flow in block trades was $0 million. In terms of price action, Sanderson Farms (SAFM) traded down $0.02 during the session at $88.27. Compared to the previous days closing, the stock was down only by -0.02%. For the week, the stock is 4.29%, over previous weeks closing.


Sanderson Farms (SAFM) : The most positive equity analysts on Sanderson Farms (SAFM) expects the shares to touch $107, whereas, the least positive believes that the stock will trade at $60 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $87.33 with an expected fluctuation of $24.42 from the mean. The stock has recorded a 20-day Moving Average of 7.73% and the 50-Day Moving Average is 2.57%.

Sanderson Farms (NASDAQ:SAFM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $88.53 and $87.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $89.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.35, notching a gain of 1.20% for the day. The total traded volume was 446,192 . The stock had closed at $88.29 on the previous day.

Sanderson Farms, Inc. is a poultry processing company which is engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared chicken items. In addition, the Company is engaged in the processing, marketing and distribution of prepared chicken through its wholly owned subsidiary, Sanderson Farms, Inc. (Foods Division). It produces a range of processed chicken products and prepared chicken items. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the south-eastern, south-western, north-eastern and western United States and to customers who resell frozen chicken into export markets. During the fiscal year ended October 31, 2013 (fiscal 2013), it processed 452 million chickens, or over 3.0 billion dressed pounds.

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