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Why Smithfield Foods Stock Sank This Week
Smithfield Foods (NASDAQ: SFD) stock got hit with a double-digit sell-off this week in response to the company's second-quarter report. Its share price ended the week down 10.3% from the previous week's close. Smithfield released its Q2 report on Tuesday, and sales and earnings for the period actually came in ahead of Wall Street's expectations. Unfortunately, performance will …