Pilgrims Pride Corporation (PPC) : Traders are bullish on Pilgrims Pride Corporation (PPC) as it has outperformed the S&P 500 by a wide margin of 2.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.55%, 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 3.06% in the last 1 week, and is up 2.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.85% and the 50-Day Moving Average is 2.21%.The 200 Day SMA reached 5.58%. Pilgrims Pride Corporation has dropped 4.11% during the last 3-month period . Year-to-Date the stock performance stands at 19.01%.
Pilgrims Pride Corporation (NASDAQ:PPC): After opening at $23, the stock dipped to an intraday low of $22.93 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.67 and the buying power remained strong till the end. The stock closed at $23.54 for the day, a gain of 2.44% for the day session. The total traded volume was 816,001. The stocks close on the previous trading day was $22.98.
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.