Insider Buying: Smithfield Foods, Inc (NASDAQ:SFD) Director Buys 17,000 Shares of Stock

Smithfield Foods, Inc (NASDAQ:SFD) Director Hank Shenghua He bought 17,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of $20.00 per share, for a total transaction of $340,000.00. Following the transaction, the director now owns 77,000 shares of the company’s stock, valued at $1,540,000. The trade was a 28.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Smithfield Foods Stock Down 1.6 %

Shares of NASDAQ:SFD traded down $0.35 during trading on Friday, hitting $21.44. 355,004 shares of the stock traded hands, compared to its average volume of 2,198,342. Smithfield Foods, Inc has a 52-week low of $19.10 and a 52-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.