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 $2,892,344 were sold by Sandri Fabio on Aug 06 ’24. At $44.50 per share, Sandri Fabio sold 65,000 shares. The insider’s holdings dropped to 279,565 shares worth approximately $13.0 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Galvanoni Matthew R sold 6,500 shares, netting a total of over 281,515 in proceeds. Following the sale of shares at $43.31 each, the insider now holds 51,750 shares.
Before that, Galvanoni Matthew R had added 6,500 shares to its account. In a trade valued at $281,515, the Officer bought Pilgrim’s Pride Corp. shares for $43.31 each.
As published in a research note from BofA Securities on August 15, 2024, Pilgrim’s Pride Corp. [PPC] has been rated down from a Buy to a Neutral and the price target has been revised to $47. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid August. As of June 18, 2024, Argus has initiated its “Buy” rating for PPC. Earlier on April 16, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for PPC stock which previously was a “an Overweight”.
Analyzing PPC Stock Performance
During the last five days, there has been a surge of approximately 5.78%. Over the course of the year, Pilgrim’s Pride Corp. shares have jumped approximately 68.15%. Shares of the company reached a 52-week high of $46.70 on 08/29/24 and a 52-week low of $26.52 on 02/07/24. A 50-day SMA is recorded $41.13, while a 200-day SMA reached $33.81. Nevertheless, trading volume fell to 1.04 million shares from 0.85 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 45.81, which, if violated, would cause prices to drop to 45.12. In the upper region, resistance lies at 46.95. The next price resistance is at 47.40. RSI (Relative Strength Index) is 70.27 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.12, which suggests the price will increase in the coming days. Percent R is at 4.75%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
