Pilgrim’s Pride lags as Nasdaq rallies; margin risk in focus
Pilgrim’s Pride shares slipped on Tuesday, trailing gains in the broader U.S. market. The chicken producer stayed under investor pressure following a steep profit decline in the first quarter and a quiet holiday weekend for news from the company. The stock fell roughly 1.2% to $28.13 in early afternoon trading, swinging between $27.89 and $28.65. About 430,000 shares changed hands, giving the company a market cap close to $6.7 billion.