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Potential Price Increase for Tyson Foods, Inc (TSN) After Recent Insider Activity

In a filing, Tyson Foods, Inc revealed its Group President Poultry MORRIS WES unloaded Company’s shares for reported $1.62 million on Nov 18 ’24. In the deal valued at $64.71 per share,25,080 shares were sold. As a result of this transaction, MORRIS WES now holds 10,625 shares worth roughly $0.67 million.

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Then, Deckinger Adam S. sold 10,500 shares, generating $680,377 in total proceeds. Upon selling the shares at $64.80, the General Counsel and Secretary now owns 19,260 shares.

Before that, White Noel W sold 30,000 shares. Tyson Foods, Inc shares valued at $1,946,649 were divested by the Director at a price of $64.89 per share. As a result of the transaction, White Noel W now holds 1,115 shares, worth roughly $70155.8.

A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late September from “a Neutral” to “an Underweight”. Barclays also remained covering TSN and has increased its forecast on April 16, 2024 with a “an Overweight” recommendation from previously “an Underweight” rating. BofA Securities revised its rating on February 06, 2024. It rated TSN as “a Neutral” which previously was an “an Underperform”.

Price Performance Review of TSN

On Tuesday, Tyson Foods, Inc [NYSE:TSN] saw its stock fall -2.51% to $62.92. Over the last five days, the stock has gained 0.41%. Tyson Foods, Inc shares have risen nearly 17.06% since the year began. Nevertheless, the stocks have risen 29.09% over the past one year. While a 52-week high of $66.88 was reached on 09/09/24, a 52-week low of $46.51 was recorded on 02/13/24. SMA at 50 days reached $60.01, while 200 days put it at $58.85.

Levels Of Support And Resistance For TSN Stock

The 24-hour chart illustrates a support level at 62.43, which if violated will result in even more drops to 61.93. On the upside, there is a resistance level at 63.85. A further resistance level may holdings at 64.77. The Relative Strength Index (RSI) on the 14-day chart is 61.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.33%. Stochastics %K at 75.74% indicates the stock is a holding.

How much short interest is there in Tyson Foods, Inc?

A steep rise in short interest was recorded in Tyson Foods, Inc stocks on 2024-10-31, dropping by -0.12 million shares to a total of 4.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.52 million shares. There was a decline of -2.73%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on February 01, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $56 price target.

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