Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tyson Foods, Inc. shares valued at $483,748 were sold by White Noel W on Feb 20 ’24. At $53.75 per share, White Noel W sold 9,000 shares. The insider’s holdings dropped to 31,115 shares worth approximately $1.84 million following the completion of this transaction.
Also, MORRIS WES sold 9,362 shares, netting a total of over 450,406 in proceeds. Following the sale of shares at $48.11 each, the insider now holds 33,397 shares.
Before that, MORRIS WES had sold 1,000 shares from its account. In a trade valued at $48,128, the Group President Poultry traded Tyson Foods, Inc. shares for $48.13 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.0.
As published in a research note from Barclays on April 16, 2024, Tyson Foods, Inc. [TSN] has been rated up from an Underweight to an Overweight and the price target has been revised to $69 from $53. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of February 01, 2024, Citigroup has initiated its “Neutral” rating for TSN. Earlier on September 22, 2023, HSBC Securities initiated its rating. Their recommendation was “a Reduce” for TSN stock.
Analyzing TSN Stock Performance
During the last five days, there has been a drop of approximately -1.92%. Over the course of the year, Tyson Foods, Inc. shares have jumped approximately 10.01%. Shares of the company reached a 52-week high of $62.04 on 05/03/24 and a 52-week low of $51.16 on 02/13/24. A 50-day SMA is recorded $57.90, while a 200-day SMA reached $53.20. Nevertheless, trading volume fell to 2.46 million shares from 3.95 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 58.53, which, if violated, would cause prices to drop to 57.93. In the upper region, resistance lies at 59.75. The next price resistance is at 60.37. RSI (Relative Strength Index) is 48.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.57, which suggests the price will decrease in the coming days. Percent R is at 49.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
