Large Inflow of Money Witnessed in Sanderson Farms

Sanderson Farms (NASDAQ:SAFM) : $11.16 million worth of transactions were on upticks in Sanderson Farms (NASDAQ:SAFM), compared to $8.61 million on downticks. The ratio between the two was 1.3, whereas, the net money flow stood at a healthy $2.55 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $1.94million worth of trades. The total money flow into the stock stood at $1.94 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.04%. The stock was trading at $82.62, with a drop of $0.03 over the previous days close. The stock recorded -0.72% for the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Bierbusse John, director of Sanderson Farms Inc, had unloaded 750 shares at an average price of $88.35 in a transaction dated on March 29, 2016. The total value of the transaction was worth $66,263. Currently the company Insiders own 5.45% of Sanderson Farms shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.89% . Institutional Investors own 95.97% of Sanderson Farms shares. During last six month period, the net percent change held by insiders has seen a change of -2.95%.

The company shares have rallied 10.88% from its 1 Year high price. On May 9, 2016, the shares registered one year high at $95.98 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $86.27 and the 200 Day Moving Average price is recorded at $85.32. Sanderson Farms (NASDAQ:SAFM): The stock opened at $83.73 on Wednesday but the bulls could not build on the opening and the stock topped out at $84.45 for the day. The stock traded down to $81.70 during the day, due to lack of any buying support eventually closed down at $82.62 with a loss of -0.04% for the day. The stock had closed at $82.65 on the previous day. The total traded volume was 511,509 shares.

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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