Pilgrim's Pride Corporation has announced that it will voluntarily transfer its stock exchange listing from the New York Stock Exchange to the NASDAQ Global Select Market, an exchange of the NASDAQ OMX Group Inc.
The company expects that its common stock will commence trading on the NASDAQ on December 28 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."
NASDAQ is happy to welcome Pilgrim's Pride to its family of listed companies, according to Bruce Aust, executive vice president of 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," said Aust.