Smithfield Foods Shares Flat Near $26
Smithfield Foods shares traded near $26.10 Wednesday, little changed after a volatile April drop tied to rising costs. The company reported first-quarter net sales of $3.8 billion and adjusted earnings of 64 cents a share, reaffirming its 2026 outlook. Morgan Stanley trimmed its price target to $30. Smithfield’s stock lagged Tyson, Hormel, and JBS in morning trading.