Sanderson Farms (NASDAQ:SAFM) is one of today's notable stocks in decline, down 2.4% to $48.72. The Dow Jones Industrial Average is now trading 0.3% lower to 13,153 and the S&P is trading 0.3% lower to 1,426.
Sanderson Farms (NASDAQ:SAFM) has potential upside of 0.2% based on a current price of $48.72 and analysts' consensus price target of $48.80. The stock should discover initial support at its 200-day moving average (MA) of $47.34 and subsequent support at its 50-day MA of $47.11.
Sanderson Farms, Inc. produces, processes, markets, and distributes fresh and frozen chicken products. The Company also processes, markets, and distributes processed and prepared food items. Sanderson Farms sells its chicken, primarily under the Sanderson Farms brand name, to retailers, distributors, and fast food operators in the southeastern, southwestern, and western United States.
In the past 52 weeks, Sanderson Farms share prices have been bracketed by a low of $36.11 and a high of $55.87 and are now at $48.72, 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.