Tyson Foods (TSN) : Traders are bullish on Tyson Foods (TSN) as it has outperformed the S&P 500 by a wide margin of 7.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.74%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.67% in the last 1 week, and is up 11.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.45% and the 50-Day Moving Average is 12.11%. Tyson Foods, Inc. is up 12.08% in the last 3-month period. Year-to-Date the stock performance stands at 38.64%.
Tyson Foods (NYSE:TSN): stock turned positive on Friday. Though the stock opened at $73.14, the bulls momentum made the stock top out at $73.985 level for the day. The stock recorded a low of $73.02 and closed the trading day at $73.6, in the green by 0.75%. The total traded volume for the day was 2,214,748. The stock had closed at $73.05 in the previous days trading.
Also, Jefferies maintains their rating on the shares of Tyson Foods (NYSE:TSN). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $80 per share from $78 per share. The rating by the firm was issued on July 27, 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.