Shares of Pilgrims Pride Corporation (PPC) Sees Large Outflow of Money

Pilgrims Pride Corporation (PPC) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.44 million) in Pilgrims Pride Corporation (PPC). On Tuesday, The value of composite uptick trades was $4.75 million, whereas, the value of composite downtick trades was $8.19 million and the ratio between the two was 0.58, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $5.63 million. $2.05 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.36. The negative money flow of ($3.58 million) shows selling on strength. Pilgrims Pride Corporation (PPC) gained $0.12 intraday at $23.11 and registrered 0.52% for the week.


Also, BMO Capital downgrades their rating on the shares of Pilgrims Pride Corporation (NASDAQ:PPC). The current rating of the shares is Market Perform. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on June 6, 2016.

Pilgrims Pride Corporation has lost 1.58% in the last five trading days and dropped 0.56% in the last 4 weeks. Pilgrims Pride Corporation has dropped 7.15% during the last 3-month period . Year-to-Date the stock performance stands at 16.83%.

Pilgrims Pride Corporation (NASDAQ:PPC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.95 and $22.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.11, notching a gain of 0.52% for the day. The total traded volume was 1,223,561 . The stock had closed at $22.99 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.