Smithfield Foods, Inc (NASDAQ:SFD) CEO Purchases $600,000.00 in Stock

Smithfield Foods, Inc (NASDAQ:SFD) CEO Charles Shane Smith bought 30,000 shares of the stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $20.00 per share, with a total value of $600,000.00. Following the purchase, the chief executive officer now owns 120,000 shares of the company’s stock, valued at $2,400,000. This trade represents a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Smithfield Foods Stock Down 2.0 %

Shares of NASDAQ:SFD traded down $0.44 during mid-day trading on Friday, reaching $21.35. 254,085 shares of the company were exchanged, compared to its average volume of 2,176,727. Smithfield Foods, Inc has a 1 year low of $19.10 and a 1 year high of $22.03.

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.