Pilgrims Pride Corporation (PPC) Shares are Up 0.76%

Pilgrims Pride Corporation (PPC) has been under a strong bear grip, hence the stock is down -9.8% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.6% in the past 1 week. The stock has risen by 0.76% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.28% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 2.09% and the 50-Day Moving Average is 7.01%.The 200 Day SMA reached 6.33%


Pilgrims Pride Corporation (NASDAQ:PPC): After opening at $21.11, the stock dipped to an intraday low of $20.96 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.27 and the buying power remained strong till the end. The stock closed at $21.12 for the day, a gain of 0.91% for the day session. The total traded volume was 924,868. The stocks close on the previous trading day was $21.12.

Pilgrims Pride Corporation (PPC) : The highest short term price target forecast on Pilgrims Pride Corporation (PPC) is $27 and the lowest target price is $23. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $25 with a standard deviation of $2.83.

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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