Wednesday, February 28, 2018 10:15 PM ET
Insider Makes Significant Stock Sells in Pilgrim’s Pride (PPC) Shares
A SEC filing today indicated a notable insider sale of Pilgrim’s Pride shares as — William W Lovette, Director and Officer — sold 100,000 shares in the company having a market value of approximately $2,535,600. This is the first insider buy/sell trade in the past 90 days.
The number of buy-sell trades for Pilgrim’s Pride is close to that of the 8 member peer company average. The Meat Processing peer group saw 7 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares per buy/sell trade transacted by Pilgrim’s Pride insiders is higher. Within the peer group there were 4,729 shares purchased and 7,764 shares sold with company insiders selling 434 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.
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