Smithfield Foods (NASDAQ:SFD) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Shares of Smithfield Foods, Inc (NASDAQ:SFD - Get Free Report) 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.

Smithfield Foods Price Performance

Insider Buying and Selling at Smithfield Foods

In other Smithfield Foods news, insider Tennille J. Checkovich acquired 2,000 shares of Smithfield Foods 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 $40,000.00. Following the transaction, the insider now owns 12,000 shares in the company, valued at approximately $240,000. This trade represents a 20.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Shane Smith acquired 30,000 shares of Smithfield Foods stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $20.00 per share, with a total value of $600,000.00. Following the transaction, the chief executive officer now owns 120,000 shares in the company, valued at approximately $2,400,000. This represents a 33.33 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 59,000 shares of company stock valued at $1,180,000. Company insiders own 1.79% of the company's stock.

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.