Seaboard Corporation (SEB) Moves Higher on Volume Spike for December 28

Seaboard Corporation (SEB) Moves Higher on Volume Spike for December 28

Seaboard Corporation (SEB) traded on unusually high volume on Dec. 28, as the stock gained 1.14% to close at $3,558.96. On the day, Seaboard Corporation saw 1,086 shares trade hands on 412 trades. Considering that the stock averages only a daily volume of 439 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $4,416.24 and $3,434.71 over the last 52-weeks, its 50-day SMA is now $3,687.48, and its 200-day SMA $3,840.09. Seaboard Corporation has a P/B ratio of 1.22. It also has a P/E ratio of 42.7.

Seaboard is a conglomerate of food production and transportation businesses. The group operates six business segments: pork, commodity trading and milling, marine, sugar, power, and turkey. The group offers hog production and pork processing, biodiesel production, agriculture commodity trading, agriculture commodity processing and logistics, grain and feed milling, cargo shipping, sugarcane production, alcohol production, sugar refining, power production, turkey production and processing, and production of jalapeno peppers. The largest end markets by revenue are the Caribbean and Central and South America.

Headquartered in Merriam, KS, Seaboard Corporation has 11,800 employees and is currently under the leadership of CEO Steven J. Bresky.

error: Content is protected !!