Do Traders Think Pilgrim's Pride Corporation (PPC) Can Keep Climbing Tuesday?

Overall market sentiment has been high on Pilgrim's Pride Corporation (PPC) stock lately. PPC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Pilgrim's Pride Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PPC!

See Full PPC Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PPC Stock Today?

Pilgrim's Pride Corporation (PPC) stock is higher by 0.21% while the S&P 500 is down -1.13% as of 2:17 PM on Tuesday, May 24. PPC has risen $0.07 from the previous closing price of $30.85 on volume of 526,323 shares. Over the past year the S&P 500 has fallen -6.39% while PPC has risen 24.58%. PPC earned $0.86 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 35.85. To see InvestorsObserver's Sentiment Score for Pilgrim's Pride Corporation click here.

More About Pilgrim's Pride Corporation

Pilgrim's Pride is the second- largest poultry producer in the U.S., Europe and Mexico. The 2019 purchase of Tulip, the U.K.'s largest hog producer, marks the firm's entrance into the pork market, which represents about 10% of sales. Pilgrim's sells its protein to chain restaurants, food processors, and retail chains. Channel exposure is split evenly between retail and food service, with the majority of food-service revenue coming from quick-service restaurants. JBS owns 80% of Pilgrim's outstanding shares. Click Here to get the full Stock Report for Pilgrim's Pride Corporation stock.