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TSN (Tyson Foods, Inc.) may reap gains as insiders became active recently

Tyson Foods, Inc.’s recent filing unveils that 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 $1.89 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.

Barclays upgraded its Tyson Foods, Inc. [TSN] rating to an Overweight from a an Underweight in a research note published on April 16, 2024; the price target was increased to $69 from $53. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early February from “an Underperform” to “a Neutral”. Citigroup began covering TSN with “Neutral” recommendation on February 01, 2024. HSBC Securities started covering the stock on September 22, 2023. It rated TSN as “a Reduce”.

Price Performance Review of TSN

On Tuesday, Tyson Foods, Inc. [NYSE:TSN] saw its stock fall -0.51% to $60.65. Over the last five days, the stock has lost -0.54%. Tyson Foods, Inc. shares have risen nearly 12.84% since the year began. Nevertheless, the stocks have fallen -2.94% over the past one year. While a 52-week high of $63.28 was reached on 04/25/24, a 52-week low of $44.94 was recorded on 02/13/24. SMA at 50 days reached $57.16, while 200 days put it at $52.97. A total of 1.87 million shares were traded, compared to the trading of 2.12 million shares in the previous session.

Levels Of Support And Resistance For TSN Stock

The 24-hour chart illustrates a support level at 60.04, which if violated will result in even more drops to 59.43. On the upside, there is a resistance level at 61.06. A further resistance level may holdings at 61.48. The Relative Strength Index (RSI) on the 14-day chart is 62.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.42%. Stochastics %K at 76.90% indicates the stock is a holding.

The most recent change occurred on April 20, 2023 when Goldman resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $64.

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