Pilgrims Pride Corporation (PPC) : During the past 4 weeks, traders have been relatively bearish on Pilgrims Pride Corporation (PPC), hence the stock is down -5.99% 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 -0.53% 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 0.08% in the last 1 week, and is up 0.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Pilgrims Pride Corporation (NASDAQ:PPC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.32 and $25.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.19, notching a gain of 0.04% for the day. The total traded volume was 869,829 . The stock had closed at $25.18 on the previous day.
The stock has recorded a 20-day Moving Average of 0.44% and the 50-Day Moving Average is 0.72%. Pilgrims Pride Corporation is up 17.46% in the last 3-month period. Year-to-Date the stock performance stands at 27.35%.
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.