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

Smithfield Foods, Inc (NASDAQ:SFD)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Smithfield Foods Trading Up 0.1 %

Insider Activity

In other Smithfield Foods news, insider Tennille J. Checkovich bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $40,000.00. Following the purchase, the insider now directly owns 12,000 shares in the company, valued at $240,000. This represents a 20.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark L. Hall bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $200,000.00. Following the completion of the purchase, the chief financial officer now owns 70,000 shares in the company, valued at $1,400,000. The trade was a 16.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 59,000 shares of company stock worth $1,180,000.

About Smithfield Foods

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.