Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Smithfield Foods, Inc shares valued at $50,138,720 were sold by WH Group Ltd/ADR on Feb 20 ’25. At $20.00 per share, WH Group Ltd/ADR sold 2,506,936 shares. The insider’s holdings dropped to 364,518,817 shares worth approximately $7.33 billion following the completion of this transaction.
Also, He Hank Shenghua purchased 17,000 shares, netting a total of over 340,000 in proceeds. Following the buying of shares at $20.00 each, the insider now holds 77,000 shares.
Before that, Checkovich Tennille J. had added 2,000 shares to its account. In a trade valued at $40,000, the Chief Legal Officer bought Smithfield Foods, Inc shares for $20.00 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.24 million.
Analysts at HSBC Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of February 24, 2025, UBS has initiated its “Buy” rating for SFD. Earlier on February 24, 2025, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for SFD stock.
Analyzing SFD Stock Performance
During the last five days, there has been a surge of approximately 2.34%. Over the course of the year, Smithfield Foods, Inc shares have jumped approximately 1.82%.
Support And Resistance Levels for Smithfield Foods, Inc (SFD)
According to the 24-hour chart, there is a support level at 19.70, which, if violated, would cause prices to drop to 19.28. In the upper region, resistance lies at 20.44. The next price resistance is at 20.76. RSI (Relative Strength Index) is 53.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 12.50%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
