Pilgrim's to move stock listing to NASDAQ
GREELEY, Colo. – Pilgrim's Pride Corp. announced on Dec. 17 that the company will transfer its stock exchange listing to the NASDAQ Global Select Market from the New York Stock Exchange.
The company expects that its common stock will begin trading on the NASDAQ on Dec. 28, 2012 and will continue to be listed under the ticker symbol "PPC."
"As part of our effort to reduce costs and optimize value for our stockholders, we determined that the move to NASDAQ will provide our stockholders the most cost-effective services available in the market today," said William Lovette, president and CEO of Pilgrim's Pride. "This decision is one more step supporting our vision of becoming the best managed and most respected company in the industry."
"We are thrilled to welcome Pilgrim's Pride Corporation to NASDAQ's family of listed companies, which represent the world's largest and most innovative brands," said Bruce Aust, executive vice president, NASDAQ OMX. "Pilgrim's is a wonderful company with a great product and we look forward to supporting Pilgrim's Pride and its stockholders through our partnership in the years to come."