The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pilgrim’s Pride Corp shares valued at $286,829 were sold by Galvanoni Matthew R on Feb 18 ’25. At $52.31 per share, Galvanoni Matthew R sold 5,483 shares. The insider’s holdings dropped to 46,267 shares worth approximately $2.53 million following the completion of this transaction.
Also, Galvanoni Matthew R purchased 5,483 shares, netting a total of over 286,829 in proceeds.
Before that, Sandri Fabio had sold 65,000 shares from its account. In a trade valued at $2,892,344, the President and CEO traded Pilgrim’s Pride Corp shares for $44.50 each. Upon closing the transaction, the insider’s holdings decreased to 65,000 shares, worth approximately $15.26 million.
Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of August 12, 2024, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for PPC. Earlier on June 18, 2024, Argus initiated its rating. Their recommendation was “a Buy” for PPC stock.
Analyzing PPC Stock Performance
During the last five days, there has been a surge of approximately 2.42%. Over the course of the year, Pilgrim’s Pride Corp shares have jumped approximately 35.71%. Shares of the company reached a 52-week high of $57.16 on 02/14/25 and a 52-week low of $43.89 on 01/21/25. A 50-day SMA is recorded $52.54, while a 200-day SMA reached $47.56.
Support And Resistance Levels for Pilgrim’s Pride Corp (PPC)
According to the 24-hour chart, there is a support level at 53.94, which, if violated, would cause prices to drop to 53.29. In the upper region, resistance lies at 55.01. The next price resistance is at 55.43. RSI (Relative Strength Index) is 70.68 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.09, which suggests the price will increase in the coming days. Percent R is at 6.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
