Jun 10, 2013

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Traders Recap – Pilgrim’s Pride Corporation (NASDAQ:PPC), Amazon.com, Inc. (NASDAQ:AMZN)

Traders Recap – Pilgrim’s Pride Corporation (NASDAQ:PPC), Amazon.com, Inc. (NASDAQ:AMZN)

Pilgrim’s Pride Corporation (NASDAQ:PPC) closed higher in the last trading session, after analysts at Stephens lifted their price target on Pilgrim’s Pride shares to $20 per share in a research report written to investors on Friday.

Some other research firms also recently discussed Pilgrim’s Pride stock. Analysts at Zacks improved their ratings on Pilgrim’s Pride shares, from “neutral” to “outperform”, with a price target of $12.50 per share on the stock in a note to investors on 4th June. Separately, analysts at BMO Capital Markets increased their price target on Pilgrim’s Pride shares, from $9 per share to $11 per share in a research note to investors on 6th May.

In separate news, Amazon.com, Inc. (NASDAQ:AMZN) has officially rolled out its Kindle tablets in China via its Chinese website. The largest e-commerce retailer is selling its Kindle Fire HD tablet 16 GB version for 1,499 yuan and the 32 GB version carries a price tag of 1,799 yuan. Amazon’s Kindle Paperwhite e-reader is available for 849 yuan.

The Kindle Fire and Kindle Paperwhite will also be offered through retail stores in Beijing, Guangzhou, Shenzhen, Shanghai, Nanjing, and Chengdu. Amazon shares, after opening at $269.74, touched a high price of $280.10 and finally closed at $276.87, after gaining 9.04 in the last trading session.

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