Tyson Foods (TSN) has risen sharply, recording gains of 3.44% in the past 4 weeks. However, the stock has corrected -0.65% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.04% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Tyson Foods, Inc. is up 15.98% in the last 3-month period. Year-to-Date the stock performance stands at 41.05%. The stock has recorded a 20-day Moving Average of 1.39% and the 50-Day Moving Average is 8.8%.
Tyson Foods (NYSE:TSN): The stock opened at $74.90 on Friday but the bulls could not build on the opening and the stock topped out at $74.97 for the day. The stock traded down to $74.51 during the day, due to lack of any buying support eventually closed down at $74.88 with a loss of -0.20% for the day. The stock had closed at $75.03 on the previous day. The total traded volume was 2,225,307 shares.
Also, CLSA maintains its view on Tyson Foods (NYSE:TSN) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. CLSA raises the price target from $77 per share to $82 per share on Tyson Foods . The rating by the firm was issued on August 2, 2016.
Tyson Foods, Inc., is a food production company. The Companys operations are conducted in five segments: Chicken, Beef, Pork, Prepared Foods and International. Chicken, includes domestic operations related of raising and processing live chickens into fresh, frozen and value-added chicken products, and sales of allied products. Beef, includes operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Pork, includes operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Prepared Foods, includes operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations of products through the supply chain. International, includes foreign operations related to raising and processing live chickens into fresh, frozen and value-added chicken products in across countries.