Why Is Pilgrim's Pride (PPC) Down 7.9% Since Last Earnings Report?

It has been about a month since the last earnings report for Pilgrim's Pride (PPC) . Shares have lost about 7.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Pilgrim's Pride due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.Pilgrim’s Pride Q2 Earnings Beat Estimat ...