Tyson's most recent trend suggests a bullish bias. One trading opportunity on Tyson is a Bull Put Spread using a strike $73.00 short put and a strike $68.00 long put offers a potential 31.58% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $73.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $68.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Tyson is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Tyson is bullish.
The RSI indicator is at 69.12 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Tyson
Walmart creates Angus beef supply chain, cutting out meat processors
Wed, 24 Apr 2019 22:05:51 +0000
Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry. The world’s largest retailer said on Wednesday that the move would allow it to ensure supplies of quality Angus beef and meet demands from customers who want to know the origin of their meat. Normally, Walmart would buy Angus beef from companies like Tyson Foods Inc and Cargill Inc.
Tyson Foods Exits Beyond Meat Ahead of Plant-Protein Maker's IPO
Wed, 24 Apr 2019 19:24:56 +0000
“Tyson Ventures is pleased with the investment in Beyond Meat and has decided the time is right to exit its investment,” the company said in an email, adding it plans to launch its own alternative protein product soon and expects to conduct market testing this summer. A Beyond Meat prospectus shows that Tyson paid $15 million for the stake it obtained in the funding round that began in October of 2016, and an additional $8 million in the subsequent round. Consumers are looking for more plant-based meat alternatives because of concerns about health, animal welfare and the environment.
Options Bears Jump on Tyson Foods After Walmart Announcement
Wed, 24 Apr 2019 18:25:19 +0000
One trader seems to have executed a bearish ratio spread today
Walmart Creates an Angus Beef Supply Chain, Bypassing Tyson
Wed, 24 Apr 2019 17:18:37 +0000
The nation’s biggest grocer has partnered with a Texas cattle rancher and other industry-related businesses to provide a steady supply of no-hormone-added Angus beef to 500 of its U.S. stores beginning later this year. The move comes two years after Walmart upgraded its steaks and roasts to higher-quality Angus, part of a broader push to improve the quality of its fresh foods amid intensifying competition in the $840 billion grocery sector. Tyson Foods Inc. and Cargill Inc. currently provide Walmart with most of its beef, and will continue to do so.
Tyson Foods sold its stake in alternative protein company Beyond Meat
Wed, 24 Apr 2019 17:10:29 +0000
Tyson Foods sold its stake in the alternative protein company Beyond Meat, which is expected to go public next week at a valuation of more than $1 billion. Tyson Foods TSN sold its stake in Beyond Meat, an alternative protein company, set to go public next week. Relations between the two companies had become tense, particularly after Tyson CEO, Noel White, announced that the company will be creating its own plant-based protein products last February, multiple sources confirmed to Axios.
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