Sanderson Farms Rises On Unusually High Volume (SAFM)

NEW YORK ( TheStreet) -- Sanderson Farms (Nasdaq: SAFM) is trading at unusually high volume Thursday with 815,963 shares changing hands. It is currently at four times its average daily volume and trading up $1.48 (+2.8%) at $54.94 as of 4 p.m. ET.

Sanderson Farms has a market cap of $1.17 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 6.6% year to date as of the close of trading on Wednesday.

Sanderson Farms, Inc., an integrated poultry processing company, engages in the production, processing, marketing, and distribution of fresh, frozen, and prepared chicken products in the United States.

TheStreet Ratings rates Sanderson Farms as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Sanderson Farms Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
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