Pilgrims Pride Corporation (PPC) Shares are Down -1.13%

Pilgrims Pride Corporation (PPC) : During the past 4 weeks, traders have been relatively bearish on Pilgrims Pride Corporation (PPC), hence the stock is down -10.58% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.18% relative to the S&P 500. The 4-week change in the price of the stock is -9.65% and the stock has fallen -1.13% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.29% and the 50-Day Moving Average is 7.35%. Pilgrims Pride Corporation (NASDAQ:PPC): On Fridays trading session , Opening price of the stock was $22.79 with an intraday high of $22.97. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.705. However, the stock managed to close at $22.74, a loss of 0.26% for the day. On the previous day, the stock had closed at $22.8. The total traded volume of the day was 1,022,138 shares.


The company Insiders own 76.85% of Pilgrims Pride Corporation shares according to the proxy statements. Institutional Investors own 28.4% of Pilgrims Pride Corporation shares. Also, Brokerage firm BMO Capital downgrades its rating on Pilgrims Pride Corporation (NASDAQ:PPC). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on June 6, 2016.

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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