Tyson Foods, Inc’s recently made public that its Director White Noel W unloaded Company’s shares for reported $10.9 million on Nov 21 ’24. In the deal valued at $63.70 per share,171,057 shares were sold. As a result of this transaction, White Noel W now holds 36,179 shares worth roughly $2.15 million.
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Then, TYSON JOHN H sold 185,394 shares, generating $11,822,575 in total proceeds. Upon selling the shares at $63.77, the Chairman of the Board now owns 3,003,374 shares.
Before that, White Noel W bought 171,057 shares. Tyson Foods, Inc shares valued at $10,896,867 were divested by the Director at a price of $63.70 per share.
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 -0.57% to $59.40. Over the last five days, the stock has lost -4.81%. Tyson Foods, Inc shares have risen nearly 10.51% since the year began. Nevertheless, the stocks have risen 14.65% over the past one year. While a 52-week high of $66.88 was reached on 09/09/24, a 52-week low of $50.97 was recorded on 02/13/24. SMA at 50 days reached $61.02, while 200 days put it at $59.74.
Levels Of Support And Resistance For TSN Stock
The 24-hour chart illustrates a support level at 59.12, which if violated will result in even more drops to 58.84. On the upside, there is a resistance level at 59.90. A further resistance level may holdings at 60.39. The Relative Strength Index (RSI) on the 14-day chart is 30.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.79%. Stochastics %K at 2.88% indicates the stock is a buying.
How much short interest is there in Tyson Foods, Inc?
A steep rise in short interest was recorded in Tyson Foods, Inc stocks on 2024-11-29, growing by 1.2 million shares to a total of 5.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.4 million shares. There was a rise of 21.41%, which implies that there is a positive 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.
