Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pilgrim’s Pride Corp. shares valued at $1,332,936 were sold by Sandri Fabio on Mar 14 ’24. At $33.32 per share, Sandri Fabio sold 40,000 shares. The insider’s holdings dropped to 257,065 shares worth approximately $9.22 million following the completion of this transaction.
As published in a research note from Barclays on April 16, 2024, Pilgrim’s Pride Corp. [PPC] has been rated down from an Overweight to an Equal weight and the price target has been revised to $38 from $35. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of April 28, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for PPC.
Analyzing PPC Stock Performance
During the last five days, there has been a surge of approximately 0.93%. Over the course of the year, Pilgrim’s Pride Corp. shares have jumped approximately 29.72%. Shares of the company reached a 52-week high of $36.47 on 04/22/24 and a 52-week low of $26.52 on 02/07/24. A 50-day SMA is recorded $33.33, while a 200-day SMA reached $27.53. Nevertheless, trading volume fell to 0.54 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Pilgrim’s Pride Corp. (PPC)
According to the 24-hour chart, there is a support level at 35.48, which, if violated, would cause prices to drop to 35.07. In the upper region, resistance lies at 36.10. The next price resistance is at 36.31. RSI (Relative Strength Index) is 64.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 38.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
