Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tyson Foods, Inc shares valued at $10,896,861 were sold by White Noel W on Nov 21 ’24. At $63.70 per share, White Noel W sold 171,057 shares. The insider’s holdings dropped to 36,179 shares worth approximately $2.1 million following the completion of this transaction.
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Also, TYSON JOHN H sold 185,394 shares, netting a total of over 11,822,575 in proceeds. Following the sale of shares at $63.77 each, the insider now holds 3,003,374 shares.
Before that, White Noel W had added 171,057 shares to its account. In a trade valued at $10,896,867, the Director bought Tyson Foods, Inc shares for $63.70 each.
Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late September. As of April 16, 2024, Barclays has increased its “an Underweight” rating to a “an Overweight” for TSN. Earlier on February 06, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for TSN stock which previously was a “an Underperform”.
Analyzing TSN Stock Performance
During the last five days, there has been a drop of approximately -1.49%. Over the course of the year, Tyson Foods, Inc shares have jumped approximately 8.06%. Shares of the company reached a 52-week high of $66.88 on 09/09/24 and a 52-week low of $51.16 on 02/13/24. A 50-day SMA is recorded $60.93, while a 200-day SMA reached $59.86. Nevertheless, trading volume fell to 1.23 million shares from 0.68 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 57.57, which, if violated, would cause prices to drop to 57.07. In the upper region, resistance lies at 58.41. The next price resistance is at 58.75. RSI (Relative Strength Index) is 27.95 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.06, which suggests the price will decrease in the coming days. Percent R is at 83.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
