In a filing, Pilgrim’s Pride Corp revealed its Chief Financial Officer Galvanoni Matthew R unloaded Company’s shares for reported $0.29 million on Feb 18 ’25. In the deal valued at $52.31 per share,5,483 shares were sold. As a result of this transaction, Galvanoni Matthew R now holds 46,267 shares worth roughly $2.5 million.
Then, Galvanoni Matthew R bought 5,483 shares, generating $286,829 in total proceeds.
Before that, Sandri Fabio sold 65,000 shares. Pilgrim’s Pride Corp shares valued at $2,892,344 were divested by the President and CEO at a price of $44.50 per share. As a result of the transaction, Sandri Fabio now holds 279,565 shares, worth roughly $15.09 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Neutral”. BMO Capital Markets also remained covering PPC and has decreased its forecast on August 12, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Argus started covering the stock on June 18, 2024. It rated PPC as “a Buy”.
Price Performance Review of PPC
On Tuesday, Pilgrim’s Pride Corp [NASDAQ:PPC] saw its stock jump 1.26% to $53.98. Over the last five days, the stock has lost -0.99%. Pilgrim’s Pride Corp shares have risen nearly 34.22% since the year began. Nevertheless, the stocks have risen 69.79% over the past one year. While a 52-week high of $55.18 was reached on 02/14/25, a 52-week low of $29.83 was recorded on 01/21/25. SMA at 50 days reached $52.66, while 200 days put it at $47.87.
Levels Of Support And Resistance For PPC Stock
The 24-hour chart illustrates a support level at 53.01, which if violated will result in even more drops to 52.04. On the upside, there is a resistance level at 54.53. A further resistance level may holdings at 55.09. The Relative Strength Index (RSI) on the 14-day chart is 64.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.17%. Stochastics %K at 79.09% indicates the stock is a holding.
How much short interest is there in Pilgrim’s Pride Corp?
A steep rise in short interest was recorded in Pilgrim’s Pride Corp stocks on 2025-04-15, dropping by -1.1 million shares to a total of 6.83 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 7.93 million shares. There was a decline of -16.16%, which implies that there is a negative sentiment for the stock.
