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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
10/08/2024 11:28:00 EST
Pilgrims Pride Corp (PPC)
Industry: Packaged Foods
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, PPC has been trading in a range between $48.12 and $40.37 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
PPC is trading below resistance at $48.12, about 2% to the upside. There is support at $41.63 -12% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Pilgrims Pride Corp $PPC entered a Green zone 13 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $26.25, a potential down side of -42.32% from the recent price of 45.51. The stock is trading 7.82% (potential upside) below its 52 week high of $49.07 and 96.59 % (potential downside) above its 52 week low of $23.15 - based on the recent price.
Company Summary
Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators The company offers fresh products, including refrigerated whole or cut-up chicken, selected chicken parts that are either marinated or non-marinated, primary pork cuts, added value pork, and pork ribs; and prepared products, which include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, processed sausages, bacon, smoked meat, gammon joints, pre-packed meats, sandwich and deli counter meats and meat balls. It also provides plant-based protein offerings, ready-to-eat meals, multi-protein frozen foods, vegetarian foods and desserts.
News
| These consumer-staples stocks could take a hit from the port strike The dockworkers' strike could impact a number of names in the consumer-staples space, warns Bank of America. Source: Market Watch Thu, 03 Oct 2024 13:11:00 -0400 Sentiment: Negative |
| 3 Meat Stocks in the Spotlight as Industry Trends Gain Strength Companies in the Zacks Food - Meat Products industry have been gaining on the increasing demand for protein-packed products. Efforts to expand capacity and product portfolio keep TSN, PPC and BYND well-positioned for growth. Source: Zacks Investment Research Mon, 30 Sep 2024 11:00:18 -0400 Sentiment: Positive |
| 4 High Earnings Yield Stocks That Value Investors Should Buy Now Unlock your portfolio value by investing in these high-earnings stocks like PPC, PFE, IAG and ASIX. Source: Zacks Investment Research Fri, 27 Sep 2024 10:26:10 -0400 Sentiment: Positive |
| Best Growth Stocks to Buy for September 27th OKTA, CARG and PPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 27, 2024. Source: Zacks Investment Research Fri, 27 Sep 2024 06:31:10 -0400 Sentiment: Positive |
| Here's Why Pilgrim's Pride (PPC) is a Strong Value Stock Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. Source: Zacks Investment Research Wed, 25 Sep 2024 10:46:39 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 49.07 52 Week Low: 23.15 Beta: 0.82 50 Day MA: 43.8704 200 Day MA: 36.1253 Earnings / Revenue Trends Qtr Earnings Growth YOY: 4.48 Qtr Revenue Growth YOY: 0.058 Forward PE: 11.8765 Trailing PE: 14.2665