In a filing, Tyson Foods, Inc. revealed its Director White Noel W unloaded Company’s shares for reported $0.48 million on Feb 20 ’24. In the deal valued at $53.75 per share,9,000 shares were sold. As a result of this transaction, White Noel W now holds 31,115 shares worth roughly $1.85 million.
Then, MORRIS WES sold 9,362 shares, generating $450,406 in total proceeds. Upon selling the shares at $48.11, the Group President Poultry now owns 33,397 shares.
Before that, MORRIS WES sold 1,000 shares. Tyson Foods, Inc. shares valued at $48,128 were divested by the Group President Poultry at a price of $48.13 per share. As a result of the transaction, MORRIS WES now holds 0 shares, worth roughly $0.0.
BofA Securities upgraded its Tyson Foods, Inc. [TSN] rating to a Neutral from a an Underperform in a research note published on February 06, 2024; the price target was increased to $62 from $47. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. HSBC Securities began covering TSN with “Reduce” recommendation on September 22, 2023. Goldman maintained its rating on April 20, 2023. It rated TSN as “a Neutral”.
Price Performance Review of TSN
On Tuesday, Tyson Foods, Inc. [NYSE:TSN] saw its stock jump 0.54% to $59.41. Over the last five days, the stock has gained 3.14%. Tyson Foods, Inc. shares have risen nearly 10.53% since the year began. Nevertheless, the stocks have fallen -0.34% over the past one year. While a 52-week high of $63.28 was reached on 02/05/24, a 52-week low of $44.94 was recorded on 02/13/24. SMA at 50 days reached $55.52, while 200 days put it at $52.34. A total of 1.72 million shares were traded, compared to the trading of 2.0 million shares in the previous session.
Levels Of Support And Resistance For TSN Stock
The 24-hour chart illustrates a support level at 59.09, which if violated will result in even more drops to 58.76. On the upside, there is a resistance level at 59.66. A further resistance level may holdings at 59.90. The Relative Strength Index (RSI) on the 14-day chart is 68.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.98%. Stochastics %K at 89.70% indicates the stock is a selling.
How much short interest is there in Tyson Foods, Inc.?
A steep rise in short interest was recorded in Tyson Foods, Inc. stocks on Mar 28, 2024, dropping by -0.88 million shares to a total of 4.82 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 5.7 million shares. There was a decline of -18.26%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.38.
