Shares of Tyson Foods Inc. (NYSE:TSN) traded at a new 52-week high today of $80.47. This new high was reached on below average trading volume as 788,000 shares traded hands, while the average 30-day volume is approximately 1.8 million shares.
Over the past year, Tyson Foods Inc. has traded in a range of $55.28 to $80.47 and is now at $80.35, 45% above that low.
Tyson Foods Inc. has overhead space with shares priced $80.35, or 0.6% below the average consensus analyst price target of $80.85.
Tyson Foods is the largest U.S. producer of processed chicken and beef. It’s also a large producer of processed pork and protein-based products under the brands Jimmy Dean, Hillshire Farm, Ball Park, Sara Lee, Aidells, State Fair, and Raised & Rooted, to name a few. Tyson sells 86% of its products through various U.S. channels, including retailers (48%), food-service (28%), and other packaged food and industrial companies (10%). In addition, 14% of the company’s revenue comes from exports to Canada, Mexico, Brazil, Europe, China, and Japan.
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