Smithfield Foods (NASDAQ:SFD) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Smithfield Foods, Inc (NASDAQ:SFD) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $21.40. Smithfield Foods shares last traded at $21.23, with a volume of 199,677 shares.

Smithfield Foods Stock Performance

Insider Buying and Selling

In related news, insider Tennille J. Checkovich purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $40,000.00. Following the acquisition, the insider now owns 12,000 shares of the company’s stock, valued at $240,000. The trade was a 20.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Shane Smith purchased 30,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $20.00 per share, for a total transaction of $600,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,000 shares in the company, valued at approximately $2,400,000. This trade represents a 33.33 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 59,000 shares of company stock valued at $1,180,000.

Smithfield Foods Company Profile

Smithfield Foods, Inc produces and markets a variety of fresh meat and packaged meats products both domestically and internationally. The Company operates in four segments: Pork, Hog Production, International and Corporate, each of which consists of a number of subsidiaries, joint ventures and other investments.