Smithfield Foods, Inc (NASDAQ:SFD) CEO Charles Shane Smith Buys 30,000 Shares

Smithfield Foods, Inc (NASDAQ:SFD) CEO Charles Shane Smith acquired 30,000 shares of Smithfield Foods stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average price of $20.00 per share, with a total value of $600,000.00. Following the acquisition, the chief executive officer now owns 120,000 shares of the company’s stock, valued at approximately $2,400,000. This trade represents a 33.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Smithfield Foods Price Performance

NASDAQ:SFD traded down $0.35 during mid-day trading on Friday, hitting $21.44. 355,004 shares of the stock were exchanged, compared to its average volume of 2,198,342. Smithfield Foods, Inc has a fifty-two week low of $19.10 and a fifty-two week 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.