Diamonds and Dogs
Pilgrim's Pride Corporation (PPC)
Pilgrim's Pride is giving its investors a feast today, up 9.64% to $34.57. The fresh, frozen, and value-added chicken company saw its shares jump after declaring a special dividend. The special dividend will be $5.77 per share and will cost Pilgrim's Pride approximately $1.5 billion. The company said the dividend is a testament to its improved capital structure, financial discipline and confidence in the future. Pilgrim's Pride shares climbed over $3.00 today, but did not test their 52-week high of $38.64.
eHealth Inc. (EHTH)
eHealth Inc. is making investors sick today, down 54.71% to $9.42. The online health insurance provider fell after a lower earnings forecast. For the fourth quarter, eHealth expects revenues of $43-45 million with an EPS of a loss of $0.47-$0.56. Both numbers missed analysts' estimates of $52.63 million and a loss of $0.06 per share, respectively. Shares of eHealth fell over $11.30 today to a new 52-week low of $9.31.
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