May. 30 at 2:54 PM
$JBS my observation on
$JBS.
Over the past ~10 trading days, I’ve seen repeated 1-3M share after-hours block trades, culminating in ~11M shares traded AH on May 29. Given JBS’s ownership structure, I struggle to identify many holders capable of moving that much stock.
Pure speculation, but if J&F/Batista-related entities are gradually increasing float and institutional ownership, that could ultimately be bullish. Governance and ownership concentration appear to be the biggest reasons JBS trades at a discount. Russell 1000 inclusion only adds to the story.
Not investment advice. Just connecting dots.
$TSN $PPC
