Insider Selling: Tu Amy, Tyson Foods Inc. [TSN] EVP&Chief Legal Officer divested 3,346 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tyson Foods Inc. shares valued at $302,130 were sold by Tu Amy on May 11. At $90.30 per share, Tu Amy sold 3,346 shares. The insider’s holdings dropped to 51,381 shares worth approximately $4.45 million following the completion of this transaction.


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Also, White Noel W sold 22,540 shares, netting a total of over 1,965,348 in proceeds. Following the sale of shares at $87.19 each, the insider now holds 38,781 shares.

Before that, Miller Shane had sold 5,050 shares from its account. In a trade valued at $484,790, the Group President Fresh Meats traded Tyson Foods Inc. shares for $96.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,050 shares, worth approximately $1.95 million.

As published in a research note from Cleveland Research on July 20, 2022, Tyson Foods Inc. [TSN] has been rated down from a Buy to a Neutral. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early May. As of March 14, 2022, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for TSN. Earlier on February 14, 2022, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for TSN stock which previously was a “an Overweight”.

Analyzing TSN’s Price Performance

On Thursday, Tyson Foods Inc. [NYSE: TSN] plunged -1.13% to $86.57. The stock’s lowest price that day was $86.48, but it reached a high of $87.64 in the same session. During the last five days, there has been a drop of approximately -0.72%. Over the course of the year, Tyson Foods Inc. shares have dropped approximately -0.68%. Shares of the company reached a 52-week high of $100.72 on 02/08/22 and a 52-week low of $80.88 on 07/14/22. A 50-day SMA is recorded $85.43, while a 200-day SMA reached $87.77. Nevertheless, trading volume fell to 1.29 million shares from 1.05 million shares the previous day.

Support And Resistance Levels for Tyson Foods Inc. (TSN)

According to the 24-hour chart, there is a support level at 86.15, which, if violated, would cause prices to drop to 85.74. In the upper region, resistance lies at 87.31. The next price resistance is at 88.06. RSI (Relative Strength Index) is 55.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.17, which suggests the price will increase in the coming days. Percent R is at 29.67%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Tyson Foods Inc. subject to short interest?

Stocks of Tyson Foods Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.96 million shares to 5.05 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.01 million shares. A decline of -19.01% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.72 of the overall float, the days-to-cover ratio (short ratio) decline to 2.72.

Which companies own the most shares of Tyson Foods Inc. (TSN)?

According to The Vanguard Group, Inc. filings, the company currently owns 35,981,197 shares, which is about 12.34% of the total TSN shares outstanding. The investor’s shares have appreciated by 2,256,210 from its previous 13-F filing of 33724987.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $1,258,555,037. SSgA Funds Management, Inc. acquire a 1.85% interest valued at $1.25 billion while Aristotle Capital Management LLC sold a -49,984 stake. A total of -4,885,977 shares of Tyson Foods Inc. were sold by T. Rowe Price Associates, Inc. during the quarter, and -192,826 were sold by Geode Capital Management LLC. In its current portfolio, Columbia Management Investment Ad holds 5,458,744 shares valued at $469.78 million.

In terms of Tyson Foods Inc. share price expectations, FactSet research, analysts set an average price target of $99.33 in the next 12 months, up nearly 13.64% from the previous closing price of $87.56. Analysts anticipate Tyson Foods Inc. stock to reach $115.00 by 2022, with the lowest price target being $79.00. In spite of this, 15 analysts ranked Tyson Foods Inc. stock as a Hold at the end of 2022. On February 08, 2022, Stephens assigned a price target of “an Overweight” to the stock and reiterated coverage with a $115.

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