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Is it Time to Dump Pilgrims Pride Corp (PPC) Stock After it Is Up 9.89% in a Week?

Tuesday, February 27, 2024 09:54 AM | InvestorsObserver Analysts

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Is it Time to Dump Pilgrims Pride Corp (PPC) Stock After it Is Up 9.89% in a Week?

The market has been high on Pilgrims Pride Corp (PPC) stock recently. PPC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Pilgrims Pride Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PPC!

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?

Pilgrims Pride Corp (PPC) stock is up 2.63% while the S&P 500 is down -0.04% as of 9:51 AM on Tuesday, Feb 27. PPC is higher by $0.82 from the previous closing price of $31.19 on volume of 83,960 shares. Over the past year the S&P 500 has risen 27.25% while PPC is higher by 32.11%. PPC earned $0.13 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 239.06. To screen for more stocks like Pilgrims Pride Corp click here.

More About Pilgrims Pride Corp

Pilgrim's Pride is the second-largest poultry producer in the U.S. (62% of 2021 sales), Europe (26%), and Mexico (12%). 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; it attempted to purchase the remaining 20% in late 2021, but the board rejected JBS's $26.50 offer as inadequate, and we concur. Click Here to get the full Stock Report for Pilgrims Pride Corp stock.

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