Short-Term Gaining Stock To Watch: Pilgrim’s Pride Corporation (NASDAQ: PPC)

One of the largest chicken producers Pilgrim’s Pride has been enjoying recent weekly gains in the stock market with the name NASDAQ: PPC. Daily trading volume soared to 7,442,818 shares while its average volume is 1,116,243 shares.

Not a long ago Pilgrim’s Pride revealed Q1 2020 financial results.

First-quarter ended in March 2020 financial report

Revenue of Q1 2020 rose quarterly to $3.074 billion resulting in net income, positive earnings, and gross profit. Q1 total liabilities surged by $19.5 million thus increasing total assets. Actual total capitalization reached $5,086,820 for Q1 2020 while market value is $4.589 billion.

The negative change in stock price could get affected by Pilgrim’s Pride’s CEO charged for a price-fixing conspiracy by U.S prosecutors.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life