Home Shorting chickens becomes hot trade in stock market
 

Keywords :   


Shorting chickens becomes hot trade in stock market

2014-11-30 13:54:20| Food - Topix.net

With no futures market to speculate on chicken-price movements, they're turning to the equity market, borrowing record amounts of shares of two U.S. poultry producers that they in turn sell in anticipation of declines. The percentage of outstanding shares of Greeley-based Pilgrim's Pride Corp., the second-biggest U.S. chicken producer, that were sold short by investors has soared more than sixfold since Sept.

Tags: market hot stock trade

Category:Food and Related Products

Latest from this category

All news

»
24.115 2 PG
24.11215103TW 17svtw
24.11 Switch light
24.11Dr.SLUMP 19
24.11layover LP
24.11PING i230 6W 5
24.11BTS CD
24.11HG 56
More »