Tyson Foods, Inc. TSN was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $79.13 to $82.15 in the past one-month time frame.
The stock gained after the company's earnings surpassed expectations in third-quarter fiscal 2019 (ended Jun 29, 2019). The management also reinstated its view for fiscal 2019 and provided sales outlook for fiscal 2020.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Tyson Foods currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Tyson Foods, Inc. Price
Tyson Foods, Inc. price | Tyson Foods, Inc. Quote
Investors interested in the Food - Meat Products industry may consider Sanderson Farms, Inc. SAFM, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is TSN going up? Or down? Predict to see what others think:Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sanderson Farms, Inc. (SAFM) : Free Stock Analysis Report
Tyson Foods, Inc. (TSN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research