• Return to Headlines

Shares of Pilgrim'S Pride Fall to a New 52-Week Low

By Amy Schwartz

Shares of Pilgrim'S Pride (NASDAQ:PPC) traded today at $19.09, breaking its 52-week low. This new low was reached on below average trading volume as 194,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

In the past 52 weeks, shares of Pilgrim'S Pride have traded between the current low of $19.09 and a high of $38.39 and are now at $19.12. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.5%.

Pilgrim'S Pride (NASDAQ:PPC) has potential upside of 57.3% based on a current price of $19.12 and analysts' consensus price target of $30.07. The stock should find initial resistance at its 50-day moving average (MA) of $20.45 and further resistance at its 200-day MA of $26.80.

Pilgrim's Pride Corporation produces prepared and fresh chicken products in the United States and Mexico. Through vertical integration, the Company controls the breeding, hatching, and growing of chickens and the processing, preparation, and packaging of its product lines. Pilgrim's Pride exports its products to Canada, Eastern Europe, the Far East, and other world markets.

SmarTrend is tracking the current trend status for Pilgrim'S Pride and will alert subscribers who have PPC in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows pilgrim's pride

Ticker(s): PPC